Thursday, December 8, 2022
 

Avalanche (AVAX) Price Prediction: Will AVAX reach $120 in 2022?

  • Bullish AVAX price prediction ranges from $37.13 to $100.70.
  • AVAX price might also reach $120 this 2022.
  • AVAX’s bearish market price prediction for 2022 is $11.

AVAX is the native token of the Avalanche blockchain. It is controlled by the Avalanche Foundation. It is one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry. AVAX has gained 93.1% in the past 1 year.

Avalanche (AVAX) investors are bullish on the token since it is among the top-rated cryptocurrencies that are still in gain for its hodlers in the past one year after a crypto winter. By staking AVAX, long-term investors can receive staking rewards from exchanges.

If you are interested in the future of Avalanche (AVAX) and would want to know the price analysis and price prediction of AVAX for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Avalanche (AVAX)?

Avalanche (AVAX) was launched by Ava Labs in 2020. It uses a proof-of-stake consensus mechanism in ensuring that its blockchain is active. Avalanche was co-founded by Emin Gün Sirer and Marfan Yin.

The Avalanche platform is built on three chains which are X-chain, P-chain, and C-chain. Where X stands for exchange, P-stands for platform and C stands for the contract. The C-chain is controlled by the Snowman protocol that hosts transactions on the Avalanche blockchain.

The Avalanche native token can be used to perform the following activities within the Avalanche blockchain which are: payment of gas fees that are burnt unlike that of Ethereum is burnt partially and used to pay gas fees to Ethereum miners, payment of staking rewards to investors for supporting the PoS mechanism of the platform, and for the deployment of its multiple subnets that are used by validators.

Decentralized applications (Dapps) and decentralized finance (DEFI) contracts are supported within the Avalanche blockchain. Transactions are completed instantly on the Avalanche blockchain since it can complete thousands of transactions per second.

Avalanche (AVAX) Current Market Status

The maximum supply of Avalanche (AVAX) is 720 million AVAX while the circulation supply is 404,229,626 AVAX according to CoinMarketCap. At the time of writing, AVAX is trading for $28.46 which represents a 24 hours increase of 0.77%. The trading volume of Avalanche in the past 24 hours is $1,008,221,661 which represents a 25.79% increase.

Some of the top cryptocurrencies for trading Avalanche (AVAX) are Binance, Coinbase Exchange, Kucoin, FTX, Mexc, Kraken, and others.

Now that you have known what Avalanche is and what its current market status is, we shall discuss the price analysis of AVAX for 2022.

Avalanche (AVAX) Price Analysis 2022

Currently, Avalanche (AVAX) is ranked in the 12th position on CoinMarketCap. Will developments and upgrades on the Avalanche blockchain lead to a rising in the price of AVAX? We shall see this in this CoinEdition price analysis 2022 article.

Avalanche (AVAX) Price Analysis- Keltner Channel

AVAX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
AVAX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Avalanche (AVAX), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is almost breaking out on the top of the curve, the present increase in the price of AVAX might be sustained before any reversal would be expected.

Avalanche (AVAX) Price Analysis- Relative Strength Index

AVAX/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Avalanche (AVAX) 1day chart of AVAX/USDT is at 69.58.  This shows that AVAX is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value. However, a panic sell could crash the price below the 50 RSI value which is the neutral region.

Avalanche (AVAX) Price Prediction-Moving Averages

AVAX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
AVAX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the1Day chart Avalanche (AVAX) 200-day and 100-day Moving Average (MA). Presently, AVAX is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Avalanche (AVAX) might move sideways in the future.

Avalanche (AVAX) Price Prediction 2022

AVAX/USDT 1Day Chart (Source: Tradingview)
AVAX/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Avalanche (AVAX) was ranging between $69.08 at the resistance3 level and $37.13 at the resistance1 level, in the past few days, after touching the $11 support1 level and $19.71 support3 level.

Irrespective of this sideways movement in the price of AVAX, we can deduce the following:

  1. The price of AVAX is expected to reverse around the $37.13 resistance1 level, due to the formation of a double top. If investors have their way, the price of AVAX could surge higher above the resistance2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of AVAX up to support2 level at $11, until a triple bottom is formed. This should lead to a bullish reversal.

Meanwhile, our long-term AVAX price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Avalanche to reach $120 this year.

Avalanche (AVAX) Price Prediction-Resistance and Support Levels

AVAX/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
AVAX/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of AVAX has increased by 35.2% in the past 14 days. If this price increase continues, AVAX could break the $37.13 resistance1 level and move higher to $100.70 at the resistance5 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of AVAX might be dethroned from its present uptrend position. In simpler terms, Binance Coin might trend below the $11 support2 level, and even lower in 2022, a bearish signal.

Avalanche (AVAX) Price Prediction 2023

Avalanche (AVAX) might hit $200 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of AVAX will see rapid growth to $150. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more AVAX thereby reducing its volume in circulation. This could make the price of AVAX reach $200 shortly.

Avalanche (AVAX) Price Prediction 2024

Avalanche price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently. Additionally, this could only be possible if AVAX breaks through past psychological resistance levels.

Avalanche (AVAX) Price Prediction 2025

Avalanche (AVAX) prices might grow past $600 during the next three years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2026

Avalanche (AVAX) prices might grow past $800 during the next four years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2027

Avalanche (AVAX) prices might grow past $1000 during the next five years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2028

Avalanche (AVAX) prices might grow past $1200 during the next six years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2029

AVAX prices might grow past $1400 during the next seven years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2030

Avalanche (AVAX) prices might grow past $1600 during the next eight years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Avalanche (AVAX) might reach $120 in 2022 and $1600 by 2030 if investors have decided that AVAX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Avalanche (AVAX)?

AVAX is the native token of the Avalanche blockchain. It is controlled by the Avalanche Foundation. It is one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry.

How to buy Avalanche Token?

Like other cryptocurrencies, AVAX can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Kraken, and others.

Will AVAX surpass its present ATH?

Since Avalanche provides its investors with staking rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $146.22 in 2022.

When was Avalanche (AVAX) launched?

It was launched in 2020.

What will be the Avalanche (AVAX) price by 2023?

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

What will be the Avalanche (AVAX) price by 2024?

Avalanche (AVAX) price is expected to reach $400 by 2024.

What will be the Avalanche (AVAX) price by 2025?

Avalanche (AVAX) price is expected to reach $600 by 2025.

What will be the Avalanche (AVAX) price by 2026?

Avalanche (AVAX) price is expected to reach $800 by 2026.

What will be the Avalanche (AVAX) price by 2027?

Avalanche (AVAX) price is expected to reach $1000 by 2028.

What will be the Avalanche (AVAX) price by 2028?

Avalanche (AVAX) price is expected to reach $1200 by 2028.

What will be the Avalanche (AVAX) price by 2029?

Avalanche (AVAX) price is expected to reach $1400 by 2029.

What will be the Avalanche (AVAX) price by 2030?

Avalanche (AVAX) price is expected to reach $1600 by 2030.

More Crypto Price Predictions:

  • Bullish AVAX price prediction ranges from $37.13 to $100.70.
  • AVAX price might also reach $120 this 2022.
  • AVAX’s bearish market price prediction for 2022 is $11.

AVAX is the native token of the Avalanche blockchain. It is controlled by the Avalanche Foundation. It is one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry. AVAX has gained 93.1% in the past 1 year.

Avalanche (AVAX) investors are bullish on the token since it is among the top-rated cryptocurrencies that are still in gain for its hodlers in the past one year after a crypto winter. By staking AVAX, long-term investors can receive staking rewards from exchanges.

If you are interested in the future of Avalanche (AVAX) and would want to know the price analysis and price prediction of AVAX for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Avalanche (AVAX)?

Avalanche (AVAX) was launched by Ava Labs in 2020. It uses a proof-of-stake consensus mechanism in ensuring that its blockchain is active. Avalanche was co-founded by Emin Gün Sirer and Marfan Yin.

The Avalanche platform is built on three chains which are X-chain, P-chain, and C-chain. Where X stands for exchange, P-stands for platform and C stands for the contract. The C-chain is controlled by the Snowman protocol that hosts transactions on the Avalanche blockchain.

The Avalanche native token can be used to perform the following activities within the Avalanche blockchain which are: payment of gas fees that are burnt unlike that of Ethereum is burnt partially and used to pay gas fees to Ethereum miners, payment of staking rewards to investors for supporting the PoS mechanism of the platform, and for the deployment of its multiple subnets that are used by validators.

Decentralized applications (Dapps) and decentralized finance (DEFI) contracts are supported within the Avalanche blockchain. Transactions are completed instantly on the Avalanche blockchain since it can complete thousands of transactions per second.

Avalanche (AVAX) Current Market Status

The maximum supply of Avalanche (AVAX) is 720 million AVAX while the circulation supply is 404,229,626 AVAX according to CoinMarketCap. At the time of writing, AVAX is trading for $28.46 which represents a 24 hours increase of 0.77%. The trading volume of Avalanche in the past 24 hours is $1,008,221,661 which represents a 25.79% increase.

Some of the top cryptocurrencies for trading Avalanche (AVAX) are Binance, Coinbase Exchange, Kucoin, FTX, Mexc, Kraken, and others.

Now that you have known what Avalanche is and what its current market status is, we shall discuss the price analysis of AVAX for 2022.

Avalanche (AVAX) Price Analysis 2022

Currently, Avalanche (AVAX) is ranked in the 12th position on CoinMarketCap. Will developments and upgrades on the Avalanche blockchain lead to a rising in the price of AVAX? We shall see this in this CoinEdition price analysis 2022 article.

Avalanche (AVAX) Price Analysis- Keltner Channel

AVAX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
AVAX/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Avalanche (AVAX), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is almost breaking out on the top of the curve, the present increase in the price of AVAX might be sustained before any reversal would be expected.

Avalanche (AVAX) Price Analysis- Relative Strength Index

AVAX/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Avalanche (AVAX) 1day chart of AVAX/USDT is at 69.58.  This shows that AVAX is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value. However, a panic sell could crash the price below the 50 RSI value which is the neutral region.

Avalanche (AVAX) Price Prediction-Moving Averages

AVAX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
AVAX/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the1Day chart Avalanche (AVAX) 200-day and 100-day Moving Average (MA). Presently, AVAX is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Avalanche (AVAX) might move sideways in the future.

Avalanche (AVAX) Price Prediction 2022

AVAX/USDT 1Day Chart (Source: Tradingview)
AVAX/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Avalanche (AVAX) was ranging between $69.08 at the resistance3 level and $37.13 at the resistance1 level, in the past few days, after touching the $11 support1 level and $19.71 support3 level.

Irrespective of this sideways movement in the price of AVAX, we can deduce the following:

  1. The price of AVAX is expected to reverse around the $37.13 resistance1 level, due to the formation of a double top. If investors have their way, the price of AVAX could surge higher above the resistance2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of AVAX up to support2 level at $11, until a triple bottom is formed. This should lead to a bullish reversal.

Meanwhile, our long-term AVAX price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Avalanche to reach $120 this year.

Avalanche (AVAX) Price Prediction-Resistance and Support Levels

AVAX/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
AVAX/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of AVAX has increased by 35.2% in the past 14 days. If this price increase continues, AVAX could break the $37.13 resistance1 level and move higher to $100.70 at the resistance5 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of AVAX might be dethroned from its present uptrend position. In simpler terms, Binance Coin might trend below the $11 support2 level, and even lower in 2022, a bearish signal.

Avalanche (AVAX) Price Prediction 2023

Avalanche (AVAX) might hit $200 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of AVAX will see rapid growth to $150. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more AVAX thereby reducing its volume in circulation. This could make the price of AVAX reach $200 shortly.

Avalanche (AVAX) Price Prediction 2024

Avalanche price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently. Additionally, this could only be possible if AVAX breaks through past psychological resistance levels.

Avalanche (AVAX) Price Prediction 2025

Avalanche (AVAX) prices might grow past $600 during the next three years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2026

Avalanche (AVAX) prices might grow past $800 during the next four years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2027

Avalanche (AVAX) prices might grow past $1000 during the next five years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2028

Avalanche (AVAX) prices might grow past $1200 during the next six years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2029

AVAX prices might grow past $1400 during the next seven years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Avalanche (AVAX) Price Prediction 2030

Avalanche (AVAX) prices might grow past $1600 during the next eight years. Furthermore, hitting this level might not be so tough for AVAX due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, AVAX has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Avalanche (AVAX) might reach $120 in 2022 and $1600 by 2030 if investors have decided that AVAX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Avalanche (AVAX)?

AVAX is the native token of the Avalanche blockchain. It is controlled by the Avalanche Foundation. It is one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry.

How to buy Avalanche Token?

Like other cryptocurrencies, AVAX can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Kraken, and others.

Will AVAX surpass its present ATH?

Since Avalanche provides its investors with staking rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $146.22 in 2022.

When was Avalanche (AVAX) launched?

It was launched in 2020.

What will be the Avalanche (AVAX) price by 2023?

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

What will be the Avalanche (AVAX) price by 2024?

Avalanche (AVAX) price is expected to reach $400 by 2024.

What will be the Avalanche (AVAX) price by 2025?

Avalanche (AVAX) price is expected to reach $600 by 2025.

What will be the Avalanche (AVAX) price by 2026?

Avalanche (AVAX) price is expected to reach $800 by 2026.

What will be the Avalanche (AVAX) price by 2027?

Avalanche (AVAX) price is expected to reach $1000 by 2028.

What will be the Avalanche (AVAX) price by 2028?

Avalanche (AVAX) price is expected to reach $1200 by 2028.

What will be the Avalanche (AVAX) price by 2029?

Avalanche (AVAX) price is expected to reach $1400 by 2029.

What will be the Avalanche (AVAX) price by 2030?

Avalanche (AVAX) price is expected to reach $1600 by 2030.

More Crypto Price Predictions:

 

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