Avalanche (AVAX) continues to rise and continues to please its investors. Avalanche network token AVAX is close to the new ATH if it can maintain its stable stance above the $107 resistance. Avalanche (AVAX) bounced off the $98 support in the last days of December and turned upwards. The bulls managed to push above the 20-day EMA ($107) on the first day of the year. A strong hold above this resistance level could be the start of new highs for AVAX.
AVAX is currently trading at $109.6 according to Coinmarketcap data. AVAX, which has gained 3.6% in the last 24 hours and jumped above Dogecoin and Shiba Inu in the cryptocurrency rankings. With a market capitalization of $26.6 billion, it is the 11th most valuable asset in the market.
If the firm holds above the $107 resistance, the AVAX/USDT pair could rally to the downtrend line, where the bears may face stiff resistance. A break and close above this level will be the first sign that the correction may be over.
After this level, AVAX could start a rally towards $128. If the bulls push the price above this resistance, it will complete the reversal head and shoulders pattern. The next critical level is the previous all-time high of $147. The model target appears to be $177.50. On the downside, if the price breaks below $98 from the 20-day EMA, the pair could drop to $75.50.
Avalanche (AVAX) price forecast 2021-2030
Various analytics firms make close estimates for AVAX. Short-term technical AVAX price analysis showed that sentiment is bullish with its price hovering around $83 based on CoinCodex data. This is considered as a sign that AVAX's rise will continue.
Avalanche price prediction from algorithm-based forecasting site Wallet Investor shows that the price will rise to an average of $140 by the end of 2021, reaching $214 by the end of 2022 and $285 by the end of 2025. Wallet Investor predicts that the price of the coin will reach $200 in March 2026 and remain above this level.
Another analytics firm, Economy Forecast Agency, forecasts Avalanche to close the year at $83.40, rise to $132 by the end of 2022, and reach $173.70 by October 2025.
Price Prediction predicts that over the long term, the price will average $116 in 2021 and $214 in 2022, and $286.28 in 2025. He expects the price to average $411.98 in 2026 and rise to $1,783.64 by 2030.