Avalanche Price Prediction – Will AVAX Price Hit $100 in 2021?

Source : coinquora.com

  • Bullish Avalanche price prediction ranges from $65.12 to $76.04.
  • The Avalanche price might also reach $100 soon.
  • Avalanche’s bearish market price prediction for 2021 is $48.61.

This Avalanche (AVAX) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Avalanche (AVAX) price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will surge high again.

Will Avalanche (AVAX) experience the same price volatility? We’ll find out soon in this Avalanche (AVAX) price analysis 2021 article. But first, let’s have a look at what Avalanche (AVAX) is.

What Is Avalanche (AVAX)?

Avalanche is the quickest smart contracts crypto platform in the blockchain industry. The platform has the most validators that secures its activity of any proof-of-stake protocol. Moreover, Avalanche is blazingly fast, low cost, and green platform. More so, any smart contract based application could outperform its competition on Avalanche.

On September 21, 2021, Avalanche launched its mainnet. Since then, the platform has been developed to secure more than 200 individual projects, over $14 million AVAX burned, more than 1,000 individual block-offering validators, and more than 600 community members over the globe.

Now that we have an idea about Avalanche, do you think AVAX will be profitable crypto in 2021? Join me, and together let us check the charts in this AVAX price analysis and AVAX price prediction.

Avalanche (AVAX) Current Market Status

When writing this Avalanche price analysis, AVAX trades at $63.88 with a 24-hour trading volume of $2,785,318,959. The price of AVAX has increased by 5.42% in the last 24 hours.

Furthermore, AVAX has a current circulating supply of 220,286,577.21 AVAX. Currently, the top digital asset trading platforms for AVAX are Binance, OKEx, Huobi Global, ZT and CoinTiger.

Now, let’s move to the next part of this AVAX technical analysis for 2021.

Avalanche (AVAX) Price Analysis 2021

Recently, AVAX took the 11th position on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this AVAX price prediction article.

AVAX/USDT chart showing Ascending Channel pattern (Source: TradingView)

Based on the chart above, AVAX positions itself along with the raging bulls. Today, AVAX trades at a high price of $63.88. In addition, we can see that AVAX recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, AVAX is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with AVAX.

Conversely, if the bulls turn against crypto, the price of AVAX might fall. In short, AVAX might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

Avalanche Relative Strength Index
Avalanche Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 60.7, which means that AVAX is in an overbought state. Moreover, this indicates that crypto traders and investors need to trade carefully, however, this pushes crypto investors to worry about any major price reversal.

Furthermore, crypto traders must trade cautiously and must not be affected by the cryptocurrency market hype. With this in mind, cryptocurrency traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of Avalanche.

Avalanche 30-day SMA and 50-day EMA
Avalanche 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, AVAX’s price has seen many bullish moves, which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, AVAX has a competitive market this 2021.

Avalanche (AVAX) Price Prediction 2021

The chart below shows that AVAX has performed great over the past few days. Moreover, the AVAX price shows a bullish trend. If this trend continues, AVAX might run along with the bulls, overtaking its $65.12 resistance level and move even higher to $76.04.

Conversely, if the investors turn against the crypto, the bears might take over and push AVAX from its uptrend position. In simpler terms, the price of AVAX might decrease to almost $48.61, a bearish signal.

Meanwhile, our long-term AVAX price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Avalanche (AVAX) Price Prediction 2022

If this bullish trend continues, AVAX will reach $120 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $150. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $120 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Avalanche (AVAX) Price Prediction 2023

If AVAX holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $200, making it not plummet but play consistently.

Avalanche (AVAX) Price Prediction 2024

As per the latest upgrades, developments, AVAX price prediction, and new project forecasts of the platform, AVAX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AVAX in the crypto market, and it will be the best investment as the price can spike and reach around $350.

Avalanche (AVAX) Price Prediction 2025

In the next four years, AVAX prices could race up to $450. However, reaching this level could not be so difficult for AVAX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AVAX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

AVAX seems to have a great future ahead in 2021. With the ongoing developments happening within the AVAX ecosystem and the overall crypto market, we may see AVAX reach new heights.

Meanwhile, our long-term AVAX price prediction 2021 is bullish. Even more, the bullish AVAX has a high possibility of reaching $76.04. However, that will only happen if it breaks the past psychological resistance. It may even reach $100 if investors continue to side with AVAX this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is AVAX?

Avalanche is the quickest smart contracts crypto platform in the blockchain industry. The platform has the most validators that secures its activity of any proof-of-stake protocol. Its native asset is AVAX.

How to Buy AVAX Tokens?

Avalanche’s native asset AVAX is a good investment in 2021. Users can obtain AVAX tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Huobi Global, and FTX.

Is AVAX a good investment in 2021?

AVAX is one of the good investment to make in 2021. AVAX has a high possibility of surpassing its current ATH at about $78.70 this year.

Can AVAX reach $100 soon?

Yes, it’s very much possible that AVAX might reach $100 in the near future as per the current bullish trend.

What will be the Avalanche price by 2022?

Avalanche (AVAX) price is expected to reach $150 by 2022.

What will be the Avalanche price by 2023?

Avalanche (AVAX) price is expected to reach $200 by 2023.

What will be the Avalanche price by 2024?

Avalanche (AVAX) price is expected to reach $350 by 2024.

What will be the Avalanche price by 2025?

Avalanche (AVAX) price is expected to reach $450 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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