Avalanche Gained 17.69% in Last Month and is Predicted to Reach $ 44.27 By Nov 16, 2024

• Avalanche is up 6.71% today against the US Dollar
• AVAX/ETH increased by 2.63% today
• Avalanche is currently trading 22.90% below our prediction on Nov 16, 2024
• Avalanche gained 17.69% in the last month and is up 89.48% since 1 year ago

AVAX price is expected to rise by 36.85% in the next 5 days according to our Avalanche price prediction

Avalanche price today is trading at $ 34.13 after gaining 6.71% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 8.09% in the same time period. AVAX performed poorly against BTC today and recorded a -1.47% loss against the worlds largest cryptocurrency.

According to our Avalanche price prediction, AVAX is expected to reach a price of $ 44.27 by Nov 16, 2024. This would represent a 36.85% price increase for AVAX in the next 5 days.

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

Avalanche has been displaying a positive trend recently, as the coin gained 17.69% in the last 30-days. The medium-term trend for Avalanche has been bullish, with AVAX increasing by 59.03% in the last 3 months. The long-term picture for Avalanche has been positive, as AVAX is currently displaying a 89.48% 1-year price change. On this day last year, AVAX was trading at $ 18.02.

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 low volatility recently – the 1-month volatility of the coin is at 6.60. Avalanche recorded 17 green days in the last 30 days.

Avalanche technical analysis for today – Nov 11, 2024

The sentiment in the Avalanche markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 30.07, $ 28.16 and $ 26.61, while $ 33.54, $ 35.09 and $ 37.01 are the key resistance levels.

Bullish sentiment for Avalanche

28 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 sentiment for Avalanche.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at , which signals that investors have a positive outlook on the market.

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 68.95, 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 thats calculated by taking an average of the AVAX closing price for the last 200 days. AVAX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Avalanche prediction

After considering the above factors, we can conclude that the current forecast for Avalanche price prediction is . AVAX would have to increase by 36.85% to hit our $ 44.27 target within the next five days. Moving forward, it will be important to monitor the AVAX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Avalanche price predictions click here.