Price Analysis View Non-AMP

AVAX Price Analysis: Will Avalanche Sail Smooth To $12?

Published by
Sohrab Khawas

Moving in a negative trend for months, the AVAX price finally takes a strong bullish stand to end the bearish rally. The recent reversal from the $8.75 level, coinciding with the overall market recovery, keeps the Avalanche price prediction bullish. 

With AVAX hodlers expecting the uptrend to continue and rise above the $10 mark, the sellers might have some tricks left in their sleeves.

With the recent reversal fueled by the market recovery, the AVAX coin price jumped by 6.43% this week. Notably, the 3.92% jump comes from a single candle formed yesterday that breaches the resistance trend line. 

Currently, the AVAX coin price trades at $9.34 with an intraday growth of 0.68%, representing the altcoin sustaining above the resistance trend line for now. 

The breakout candle struggles to find a strong closing above the resistance trend line that adds a few pointers to the bearish side. However, the buyers might have smooth sailing if the daily candle manages to sustain above and avoid any higher price rejection today.

Additionally, the AVAX coin price might have to face opposition at the 50-day EMA at the psychological mark of $10. 

Creating lower high formation in the eekly chart, AVAX price action finally displays a bullish candle after a streak of red candles. This increases the chances of a bounce back to the major resistance trendline in the weekly chart.

Will AVAX Price Sustain Above $10?

With a sudden reversal in the price trend, the AVAX price can reach the psychological mark of $10 before facing a bearish setback. However, the prices must sustain above the resistance trendline for this uptrend. 

Beyond the psychological mark of $10, the breakout rally can expect some supply inflow at the $12 mark. On the flip side, failure to sustain above the resistance trendline will prolong the downtrend continuation and might breach the $8.75 support level to test the $8 mark.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Coinpedia Digest: This Week’s Crypto News Highlights | 31 May, 2025

Hello again! If you thought May was going to close out quietly, think again. This…

May 31, 2025

Tron (TRX) Shows Steady Growth This Month, Yet Smart Investors Are Focused on Ruvi AI’s (RUVI) Upcoming $1 Valuation Listing

The cryptocurrency market is as dynamic as it gets, with new projects constantly vying for…

May 31, 2025

Ethereum’s Smart Future Starts Here , Could Wall Street Ponke Deliver the 100x Edge?

Ethereum is becoming more popular, but popularity alone is not enough. ETH is holding firm…

May 31, 2025

Ethereum Can Only Go Higher If Its Tools Keep Up , Pepeto Is One Of Those tools

Ethereum has always led the way for smart contracts and decentralized apps. But with more…

May 31, 2025

Top 3 Crypto Gems Under $0.50 Set to Soar in the Next Bull Run

As crypto investors prepare for the next major breakout, low-cost opportunities are drawing serious attention.…

May 31, 2025

Hedera Price Prediction 2025, 2026 – 2030: Will HBAR Price Hit $0.5?

Story Highlights The live price of Hedera crypto is . Hedera Price prediction highlights HBAR…

May 31, 2025