Avalanche (AVAX) Price Prediction: Technical Indicators Suggest Positive Trends May Be on the Horizon

Crypto markets are seeing a significant upswing, and altcoins are leading the charge. Among them, Avalanche (AVAX) was one of the strongest performers today.

Crypto markets saw significant gains on Monday, with altcoins leading the charge. Among them, Avalanche (AVAX) was one of the strongest performers. Technical indicators suggest that positive trends may be on the horizon for the token in the coming weeks.

Avalanche was up 1.08%, bringing its total gains for the day to 0.98%. This also contributed to a weekly rally of 18.12%, helping the token recover some of its earlier losses this month. Charts indicate that this could mark the beginning of a major rally.

Avalanche (AVAX) Price Prediction

AVAX’s price movements indicate that the token has already undergone a major breakout from the pattern that started forming in November of last year. On Monday, the token’s price broke through the upper limit of the barrier at $20.

#AVAX Preparing to massive breakout, Keep an eye$AVAX #AVAXUSDT pic.twitter.com/rh1im75UKU

Should AVAX maintain its position above this level, it is likely that bullish activity will push it toward the next resistance at $24.99. At that point, the token could be set for another push toward $30, before reaching its near-term price target of $35.

A longer-term perspective shows AVAX consistently trading within a narrowing wedge formation, which began developing in November 2023. The token rebounded from the lower boundary at $15.38, which acted as support. The subsequent rally advanced toward the zone for potential new gains.

$AVAX perfect bottom 🚨 Retested its multi-year support and is now bouncing back.Keep an eye 👀 pic.twitter.com/aYtUoS6cKj

According to this reading, Avalanche is looking at a new average price between $25 and $40 in the coming months. The token’s upper bound seems to be $50, where it is likely to encounter significant resistance. A breakout beyond this level will depend on a broader altcoin rally, which may come later in 2025.

While technicals for AVAX are strong, fundamental analysis is also in favor of the token. Network TVL remains above $1 billion and has experienced some upward momentum in the past week. Avalanche is also consistently seeing upwards of 200k daily transactions.

These figures indicate that the ecosystem remains resilient even when the token is under pressure, which suggests a positive long-term outlook for the Avalanche network.