Here are the Upper Targets for AVAX Price Rally for 2025
The cryptocurrency market is hovering in a small range, unable to break resistance levels and defend support levels during each bearish attack. Additionally, the coin’s trading volume has been slashed, making cryptocurrencies like Avalanche less volatile. Amid expectations of more squeezes, AVAX price is expected to trigger a strong breakout that could lift prices beyond the current consolidation.
Avalanche is one of them and it is believed that they will outperform the top 2 coins in the upcoming price movement as they are considered to be severely undervalued at current prices. Mainly because there were no major price changes even after the launch of the Avalanche 9000, which was considered the biggest upgrade ever to the platform. However, before the release, the price was heading towards a yearly high, but the token followed the market trend and plummeted by more than 30%.
The coin has failed to rise above $40 over the past week, which may raise some concerns about where the price will go next. However, from a broader perspective, AVAX price A 50% gain is still expected, but if bulls can resume a 12% gain by the end of 2024.
The daily chart of AVAX price may suggest that the coin may head straight towards lower support as it is about to lose 0.5 FIB of $36.26. The MACD indicates that selling pressure has decreased but has not yet shifted into buying territory. On the other hand, as seen with the bull-bear strength, the bears continue to dominate, indicating that another pullback of around 10% is likely, which could hit the 0.382 FIB with temporary support at $32.2.
These levels have previously provided strong support, so a strong bounce from these levels is expected. However, market sentiment is yet to turn bullish as traders continue to remain neutral. Therefore, Avalanche price is expected to maintain its downtrend until the platform gets enough trading volume in favor of the bulls.
AVAX is often referred to as a sleeping giant as it is considered to have huge potential and has defended support to a great extent. However, market volatility has dropped significantly, and altcoins like Avalanche are expected to maintain a subdued trend until BTC dominance reaches its highs. However, AVAX price still has the potential to rise above $50 and head towards higher targets, but if 2025 is important, it will rise and sustain above $42 in the first few days of the year.
