AVAX Price Prediction 2024: Will AVAX Reach $48.39 by November 2024?

AVAX price is expected to rise by 36.83% in the next 5 days according to our Avalanche price prediction is trading at $35.26 after gaining 3.62%

AVAX price is currently trading at $ 35.26, showing a 3.62% increase in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.41% in the same time period. However, AVAX performed well against BTC today and recorded a 2.86% gain against the world’s largest cryptocurrency.

According to our Avalanche price prediction, AVAX is displaying a neutral price movement and is displaying a neutral candle today. The coin might continue moving in the same direction and hit our price target.

Ourっくりpto price prediction model is showing that the coin might reach a price of $ 48.39 by Nov 22, 2024. This would represent a 36.83% price increase for AVAX in the next 5 days.

The outlook for the rest of the year is bullish and ourっくりpto price predictions are signaling that AVAX might reach a price of $ 65.26 by Dec 31, 2024. This would be a 84.97% price increase for AVAX in the next 43 days.

AVAX Price Prediction Chart

Buy/Sell Avalanche

What has been going on with Avalanche in the last 30 days

Avalanche has been displaying a positive trend recently, as the coin gained 25.78% in the last 30-days. The medium-term trend for Avalanche has been bullish, with AVAX increasing by 64.97% in the last 3 months. The long-term picture for Avalanche has been positive, as AVAX is currently displaying a 62.31% 1-year price change. On this day last year, AVAX was trading at $ 21.73.

Avalanche reached its all-time high price on Nov 21, 2021, when the price of AVAX peaked at $ 146.18. The current AVAX cycle high is $ 65.26, while the cycle low is at $ 8.69. AVAX has been displaying high volatility recently – the 1-month volatility of the coin is at 12.19. Avalanche recorded 16 green days in the last 30 days.

Avalanche technical analysis for today - Nov 18, 2024

The sentiment in the Avalanche markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 33.50, $ 31.88 and $ 30.87, while $ 36.14, $ 37.14 and $ 38.77 are the key resistance levels.

Bullish sentiment for Avalanche

29 indicators are currently signaling a bullish prediction for Avalanche, while 4 indicators are showing a bearish forecast. With 88% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Avalanche.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 90 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Avalanche moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Avalanche is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Avalanche is at 67.43, suggesting that AVAX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Avalanche over the last 50 days. Currently, Avalanche is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AVAX closing price for the last 200 days. AVAX