Avalanche’s path to $150: Why analysts are bullish on AVAX’s next move

Analyst predicts AVAX could rally to $150 if bullish breakout patterns hold strong.
Key resistance near $44 must be cleared for AVAX to reach the short term $50 target.

In the last 24 hours, Avalanche (AVAX) has been drawing market focus as its value increased by 1.82%, reaching $43.30. Throughout this timeframe, the token fluctuated between $41.29 and $43.91, demonstrating impressive price stability.

Boasting a market capitalization of $17.76 billion and a daily trading volume of $486.1 million, Avalanche continues to capture the attention of investors.

As a crypto investor, I’ve noticed that institutional backing is propelling AVAX towards impressive growth in the market. The recent involvement of BlackRock’s BUIDL fund has undeniably boosted the optimism surrounding this token, making it a noteworthy contender in my portfolio.

This increasing attention shows a solid foundation for upward movement in the near term.

AVAX on the brink of a massive breakout

Avalanche appears set for a major surge, as its technical signals suggest a possible upward trend that could reach approximately $150.

According to World of Charts’ latest findings, there has been a rising trend in consolidation periods for the token since 2021, indicating its resilience by maintaining higher bottom values.

In this scenario, the arrangements correspond to the present price trajectory, as Avalanche (AVAX) is attempting to break through resistance within a gradually shrinking band.

In simpler terms, the high Avax price suggests optimistic buyers are active, which might lead to a surge past the current barrier, causing a notable shift in the price trend.

Furthermore reinforcing the optimistic viewpoint, Avalanche (AVAX) showed a trading volume of approximately $196.81 million over the past day, indicating strong liquidity and active engagement from traders.

$44 resistance critical for next move

At the $44 mark, an important barrier for Avalanche’s price action, was where it was hovering. This significant resistance area might influence its upcoming price trend.

If the positive trend continues and Avalanche (AVAX) overcomes the resistance at $44 significantly, it could potentially aim for the psychologically significant level of $50, implying a possible increase of around 13.62%.

Failing to sustain this current level might lead us back towards the significant support at $40, where we could potentially see renewed bullish momentum.

As a crypto investor, I’ve noticed an intriguing development using the Alligator indicator – a significant widening between the moving averages. This indicates robust bullish momentum, suggesting potential price increases ahead.

The Stochastic RSI is overbought at 96.88, suggesting that a short-term cooldown might occur.

Currently, the Money Flow Index (MFI) is at 61.69, suggesting a degree of buying activity, yet there’s potential for increased accumulation if the bullish trend continues to gain momentum.

AVAX holder sentiment

70.41% of AVAX token holders, as reported by IntotheBlock, were in profit at the current moment, having purchased their tokens for less than $43.48 each.

About 21.89% of the addresses have tokens priced higher than the current value, while around 7.70% of addresses seem to be in a neutral position, as their token prices align with the present market rate.

Read Avalanche’s [AVAX] Price Prediction 2025–2026

Groups of investors amassed large amounts of AVAX when its price ranged from $12.98 to $27.67, making this region a noteworthy area where they typically buy, based on past trends.

Approaching the $44 mark, it’s possible that some Avalanche (AVAX) holders might consider cashing out if they originally bought at break-even points, leading to a surge in selling activity.

2025-01-07 03:36

AVAX on the brink of a massive breakout

$44 resistance critical for next move

AVAX holder sentiment

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