Posted on

AVAX Stages Short-Term V-Shaped Recovery, Struggles to Maintain Momentum

Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model.

The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — lost only 0.5%.

Recent high-volume selling pressure suggests continued bearish sentiment in the short term, though strong buying emerged during recent dips.

Technical Analysis

• AVAX experienced significant price volatility over the past 24 hours, establishing a range of 0.84 (4.5%) between the high of $18.93 and low of $18.09.

• The asset found strong support at the $18.15-$18.25 zone, while facing resistance near $18.85-$18.90.

• The price action formed a descending channel, with recent high-volume selling pressure suggesting continued bearish sentiment despite attempts to stabilize around the $18.40 level.

• AVAX experienced a V-shaped recovery, slipping from $18.35 to a low of $18.09 with exceptionally high volume (52,056 units) before rebounding to $18.40.

• The recovery gained significant momentum when the price broke through resistance at $18.27 on volume exceeding 67,000 units, establishing a new support zone around $18.33-$18.35.

• The uptrend culminated in three consecutive zero-volume minutes suggesting potential consolidation before the next price movement.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Loses 5.8% After Rejection at Critical $20 Short-Term Resistance

After reaching a high of $19.99, Avalanche’s token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling that drove prices down to $18.61, according to CoinDesk research’s technical analysis model. The rejection coincided with peak trading volume of 1.9 million, suggesting large-scale profit-taking and position liquidations.

The token is down 5.8% in the last 24 hours, while the CoinDesk 20 — index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — has lost 4.2%.

Technical Analysis

• Clear rejection at the $20.00 psychological resistance level.

• Peak trading volume (1.9M) occurred at midnight when the price briefly touched $18.74.

• Support has formed in the $18.90-$19.00 zone with multiple tests.

• The four-hour consolidation pattern suggests potential stabilization after the sharp decline.

• Diminishing volumes indicate waning trader interest at current levels.

• Double top pattern formed around the $19.05 level.

• Increasing selling pressure with declining volumes suggest trader exhaustion.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Adds 4% as $22 Support Zone Holds

Avalanche’s AVAX AVAX token has established strong support around the $22 level, successfully defending against multiple downward tests, according to CoinDesk Research's technical analysis model.

AVAX is up 4% in the last 24 hours, outperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 2.5% in the same period of time.

Technical Analysis

• AVAX established a key high-volume support zone around $22.00 that successfully defended against multiple tests.

• Price action showed a 3.89% range from the low of $21.62 to the high of $22.64, indicating moderate volatility.

• Most significant price movement occurred with a 2.44% increase in volume, 2.8x higher than the 24-hour average.

• Formation of higher lows throughout the period confirms an emerging uptrend with resistance at $22.57.

• A 1.7% decline in the last hour from $22.43 to $22.05 before staging a moderate recovery.

• Notable 5.9% slide on exceptionally high volume (nearly 3x the hourly average).

• New support zone established around $22.20-$22.25 with price consolidating in this range.

• Volume patterns indicate distribution during decline and accumulation during recovery phase.

• $22.40 level now serving as immediate resistance.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Forms Critical Short-Term Support at $20.25 Level

Avalanche's AVAX AVAX token continues to demonstrate significant volatility as it weakens following its recent rally.

After initially rising 3.72% from $20.71 to $21.48, AVAX experienced a sharp reversal, falling to $20.25 and establishing a critical support zone between $20.25 and $20.30, according to CoinDesk Research's technical analysis model.

Technical indicators suggest the $20.62-$20.63 level is emerging as a crucial floor for near-term price action, with accumulation interest appearing at these levels.

Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 1.1% in the last 24 hours.

Technical Analysis

• AVAX formed a clear resistance zone around $21.40-$21.50 with high-volume selling pressure.

• Support has developed in the $20.25-$20.30 range, with a notable volume spike.

• Price action formed a descending channel.

• Temporary support formed at $20.62, with subsequent accumulation leading to recovery.

• Hourly low coincided with 24-hour support zone, suggesting $20.62-$20.63 may serve as a critical floor.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Jumps 6% as Trump-Musk Tensions Fade and Institutional Momentum Builds

Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period.

AVAX’s price may have rebounded from political jitters and moved on the back of major developments in real-world asset (RWA) tokenization and institutional adoption.

The token climbed from a low of $19.37 to $20.96, recovering from a wider market sell-off triggered by growing tensions between U.S. President Donald Trump and Tesla CEO Elon Musk earlier this week, which saw the former threaten to terminate government contracts for the latter, who in turn accused the president of being implicated in the Jeffrey Epstein files.

The token rebounded after showing multiple signs of bullish momentum, according to CoinDesk’s Research's technical analysis data model, which shows AVAX established a strong footing around $19.40 that was confirmed by volume exceeding the 24-hour simple moving average.

Volume further rose around the time of AVAX’s breakout last the $20 mark, showing strength in the move. The token has now formed short-term resistance near $21 and support at $20.81, the model shows.

But the stronger-than-average rebound may not just be technical. Last month, FIFA announced it chose Avalanche to power its FIFA blockchain network, with plans to migrate its existing non-fungible token (NFT) collection from Algorand and Polygon into the new network and to build out new fan experiences.

Institutional momentum added another leg. Asset manager VanEck is expected to roll out a $100 million PurposeBuilt Fund this month after first announcing it on May 21, focused exclusively on projects within the Avalanche ecosystem.

The fund will back tokens and businesses in gaming, finance, and AI, while deploying idle capital into on-chain real-world asset products like tokenized money markets.

The price still faces technical resistance near $24.80, but the combination of institutional activity, on-chain RWA growth, and network usage from high-profile partners like FIFA could help AVAX stay ahead of broader market volatility through June.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Surges 6% After Musk-Trump Dispute Sell-Off

Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world's richest man endorsing Trump's impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files.

Avalanche’s token, AVAX AVAX, was among those hit, dropping to as low as $18.48 from $20.14. It has since rise 6% to $19.65 to reclaim nearly 58% of the losses while forming a promising ascending channel pattern with resistance at $19.76, according to CoinDesk Research's technical analysis model.

The token has lost 1% over 24 hours, while the CoinDesk 20, an index of the top 20 cryptocurrencies by market cap except for stablecoins, exchange coins and memecoins, has dropped 0.85%.

Recent trading sessions show decisive buying pressure, with notable volume spikes coinciding with price surges that briefly pushed AVAX to a local high of $19.76. Market analysis points to the consistent formation of higher lows over the past 14 hours as evidence of strengthening bullish momentum, with the $20.00 psychological level now within reach if current trajectory holds.

Technical Analysis

• AVAX experienced a sharp 8.14% decline from $20.14 to $18.48, with peak selling pressure when volume surged to 3.65 million.

• Strong support established at $18.48, with price subsequently climbing steadily to $19.65, reclaiming 57.8% of losses.

• An ascending channel pattern has formed with resistance at $19.76.

• Notable high-volume support emerged at $18.48-$18.88.

• Consistent higher lows over the past 14 hours indicate strengthening bullish momentum.

• In the last hour, AVAX continued recovery with a 1.01% gain from $19.49 to $19.69.

• Volume spikes occurred (45,299 and 64,948 units), coinciding with price surges to a local high of $19.76.

• Current price action shows strengthening bullish sentiment with support levels around $19.53-$19.55.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Drops 5%, Forming Bearish Pattern on Short Time Frame

Avalanche’s AVAX AVAX token experienced significant price fluctuation in the short term, trading within a 5.5% range between $21.16 and $19.98. Bears remain in control despite intermittent support around the $20.10 level.

The 18th-largest currency by market capitalization, down 5% over 24 hours, underperformed the CoinDesk 20 — an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins and exchange coins — which has lost 1.7% in the same period.

Technical Analysis

• AVAX established a trading range of $1.15 (5.5%) between the high of $21.16 and low of $19.98 over the 24-hour period.

• Strong resistance formed at $20.68, with a sharp decline accompanied by the highest volume spike (1.58M).

• A modest recovery attempt emerged, pushing price to $20.53, but selling pressure quickly returned.

• In the last hour, AVAX dropped from $20.512 to $20.073, representing a 2.14% decline.

• A clear bearish pattern formed, pushing price down from $20.39 to $20.22.

• Volume spiked dramatically (60,003 units), confirming strong selling momentum.

• Price broke below the psychological $20.10 support level with a minor recovery attempt.

• Current technical setup shows established resistance at $20.47 and immediate support at $20.00.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Posted on

AVAX Drops 4% as Critical Short-Term Support Breaks

AVAX AVAX broke below key support levels on increased trading volume on Wednesday, tracking's bitcoin's BTC 1.1% decline over 24 hours.

Technical Analysis

• AVAX formed a descending channel with progressively lower highs and lower lows over the 24-hour period.

• Price broke below key support at $21.05 during heavy volume sessions.

• Notable resistance was established at $21.64, where selling pressure intensified significantly.

• The $20.85 level now represents immediate support that could accelerate bearish momentum toward $20.50 if broken.

• A temporary double bottom formed at $20.85 before a rally to test $21.03 resistance.

• The highest volume of the period (50,477 units) confirmed the downtrend continuation.

• Total price range for the period was 0.79 (3.67%), falling from $21.56 to $20.89.

Posted on

AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.

Technical Analysis

• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).

• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.

• Exceptionally high volume (1.33M) confirmed the breakout.

• Strong support established at $21.15 following the surge.

• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.

• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).

• Decreasing volume suggests consolidation after volatile price action.

Posted on

Avalanche Slides Off The Edge – What Comes After The 4H Trendline Snap?

Avalanche (AVAX) just took a sharp turn as it drops below a key 4-hour trendline, signaling a potential shift in momentum that has traders on high alert. What once looked like a steady climb has suddenly faltered, raising concerns about further downside pressure for the crypto asset if buyers fail to reclaim control. 

Failure To Reclaim May Trigger New Lows For Avalanche

In his recent post, TradingGain noted that “Avalanche breakdown signals a shift in momentum from bullish to bearish,” marking a pivotal moment for the asset. The price has slipped below a key trendline on the 4-hour chart, which had previously provided strong support during the recent uptrend. This breach suggests that selling pressure is beginning to outweigh bullish momentum.

He further pointed out that AVAX is “currently retesting the broken trendline.” This stage is critical, as it often determines whether a breakdown will be confirmed or invalidated. If the bulls manage to push the price back above this level, there could be a chance for a rebound. 

Avalanche

However, a failure to reclaim the trendline might open the door for a deeper correction toward $21 and below.” This reinforces the need for traders to watch the price action closely in the coming sessions, especially around the retest zone, as it could shape the next major move for Avalanche.

Momentum Fades As RSI Weakens

Further strengthening the case for a bearish shift, TradingGain also pointed out that the Relative Strength Index (RSI) is flashing signs of weakness. The RSI has been steadily declining, reinforcing the idea that momentum is tilting in favor of the bears. This adds another layer of confirmation to the recent trendline break, suggesting that the upward trajectory may be losing steam.

He emphasized the importance of closely monitoring price action between $22.8 to $23.0, a previous support region now acting as a potential resistance level. If AVAX fails to reclaim this zone and faces rejection, it could solidify the bearish narrative and open the door for further downside movement. For now, traders should remain cautious and watch how the market reacts around this crucial area.

In his concluding remarks, the analyst urged traders to stay alert and avoid rushing into trades. He emphasized the importance of letting the market reveal its direction before making any decisive moves, especially with Avalanche sitting at a key level.

At the time of writing, Avalanche is changing hands at approximately $23.74, posting a 6.61% increase in price over the past 24 hours. The upward move is accompanied by a 5.72% rise in trading volume, suggesting a fresh wave of market participation.

Avalanche

Posted on

Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout

After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally toward the next key resistance levels.

Avalanche Targets $32 Resistance

Avalanche has seen a nearly 40% surge over the past week, jumping from the $19 mark to a three-month high of $26.84 on Monday. The cryptocurrency hit an 18-month low of $14.66 during the early April retraces but recovered around 37% ahead of its recent breakout.

Amid the market recovery, AVAX has broken out of its five-month downtrend, which saw the cryptocurrency retrace over 73% from its Q4 2024 high. Moreover, Avalanche formed a 2-month Cup-and-Handle pattern, with the neckline at the $23 resistance.

Analyst Sjuul from AltCryptoGems pointed out that the formation had a “super clean” target and was “in confluence with the next resistance level,” at around the $32 mark. This area, lost in early February, was a crucial resistance and support zone before the Q4 2024 rally and the Q1 2025 market shakeouts.

Avalanche

After the neckline breakout and reclaiming this level over the weekend, the analyst noted that the target “is clear now.” As such, Avalanche could likely see another 30% rally toward the $32 mark.

Meanwhile, analyst CW highlighted that AVAX has a key sell wall near the $27 level, where it has faced resistance over the past few days. However, if it breaks through this barrier, it could surge to the $36 level before facing the next selling wall near the $38.5 area.

Another wall between the $42.5-$46.5 levels lies ahead. On the contrary, if the cryptocurrency gets rejected from the first resistance, the price could revisit the breakout levels and the downtrend line around the $20 mark, with a selling wall below it that could serve as support.

AVAX To Repeat BTC And SOL’s Playbook?

Crypto Amsterdam suggested that many altcoins, including Avalanche, are forming a setup seen in Bitcoin’s (BTC) and Solana’s (SOL) charts. According to the analyst, the setup follows a Macro range, divided into five cycle stages.

The first stage, set during the bull market, sees a cryptocurrency move quickly toward the highs, setting the range’s upper boundary. During the second phase, at the start of the bear market, the token’s price records “steep lower lows and highs” toward the range’s low before moving to the third stage, the accumulation phase. In this stage, the cryptocurrency registers a deviation below the range’s low.

The fourth stage sees the cryptocurrency register its first higher high and reclaim the range lows again. Lastly, the cryptocurrency moves toward the past cycle’s high during the fifth stage, breaking past the range’s high after reclaiming the mid-zone.

Crypto Amsterdam explained that AVAX’s chart is “another super clean mini cycle example.” After hitting its all-time high (ATH) of $146 in November 2021, Avalanche set its range between the $20-$130 levels, falling below the range’s low in mid-2022.

The cryptocurrency reclaimed the range low in late 2023, ending the third stage and entering the fourth one during the early 2024 rally. Since then, it has retested the range lows after its deviation, recovering this level during last week’s breakout.

If Avalanche continues to follow this setup, it must reclaim the mid-range, at around the $75 mark, to surge to the upper boundary and potentially hit a new ATH. However, the analyst also suggested that falling below the local bottom would invalidate the setup.

Avalanche, AVAX, AVAXUSDT

Posted on

Avalanche Rumbles 21% Amid Record-Breaking Address Activity

Avalanche’s native token rose in tandem with a surge in on-chain activity. AVAX has been able to sustain a 25% increase in the last week, as the network hit two new highs. Daily transactions reached nearly 11 million on May 11, 2025. Active addresses jumped to 950,000—the most since June 2023.

Record Transaction High

According to the Avalanche Foundation, the platform saw its single-day transaction count hit 10.8 million. That figure tops every previous high. It shows a burst of action across DeFi apps, gaming projects, and automated scripts. Some of those transactions come from bots, but many reflect real users swapping tokens or minting NFTs.

Active User Growth

Based on reports, nearly 950,000 addresses interacted with the network in one day. That is the strongest turnout in almost two years. Everyday people and developers both play a part. Nearly 30 million smart contracts have been deployed on Avalanche so far. Each new contract adds another tool or game for users.


Price Moves And Market Trends

AVAX broke above $24.55 resistance this week. That move linked up with a broader rally in top tokens, leaving AVAX about 110% higher over the past 14 days. Bitcoin raced past $105,000, and risk assets rallied after a US-China trade deal was signed in Switzerland. Stocks opened sharply higher, and crypto followed suit. Traders say looser trade tensions often lift coins.

Outlook For Avalanche Summit

The network is heading into its Avalanche Summit in London with strong momentum. Ava Labs founder Emin Gün Sirer posted on X that milestones like these “will look minuscule in time.” He hinted that bigger announcements lie ahead. If new partnerships or protocol upgrades arrive at the summit, both usage and AVAX price could get another boost.

The pullback in selling pressure has been in place since February. Now, buyers are stepping in again. That suggests confidence in Avalanche’s tech and its community. The token once hit an all-time high above $146 in November 2021. Since then, it has seen ups and downs, but the recent surge shows users and investors remain interested.

Analysts at Nansen voiced a bullish view, too. Aurelie Barthere said she expects altcoins, equities, and even the US dollar to climb together. That outlook depends on continued positive news—both from markets and from Avalanche itself.

For now, Avalanche stands among the top layer-1 blockchains in daily use. The numbers speak for themselves: 10.8 million transactions on a single day, nearly 1 million active addresses, and millions of contracts ready to go.

Featured image from Gemini Imagen, chart from TradingView

Posted on

Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal

Avalanche (AVAX) is now testing a critical support zone at the $20 level after a strong 55% surge from local lows registered in early April. This level could determine the next phase of price action, as bulls aim to reclaim control and push prices into higher territory. Holding this support is essential to maintain the bullish momentum built over the past few weeks.

However, macroeconomic tensions and persistent global market volatility continue to weigh heavily on investor sentiment. With financial markets responding to rising geopolitical uncertainty and interest rate concerns, altcoins like Avalanche face mounting pressure.

Despite the headwinds, some analysts remain optimistic. Top crypto analyst Ali Martinez recently shared a technical setup highlighting that AVAX is bouncing off the 200-day Simple Moving Average (SMA) on the 4-hour chart — a level often watched closely by traders. According to Martinez, this bounce could act as a pivot point for bulls, especially if volume increases and price action confirms strength above short-term resistance. A clean move higher from here could reignite AVAX’s uptrend and bring it back into focus as one of the leading altcoins in the Layer-1 ecosystem. The coming days will be crucial to confirm the direction.

Avalanche Bounces From Key Level As Bulls Regain Momentum

After months of volatility and sustained selling pressure, Avalanche is trading at a pivotal juncture that took the asset down from its earlier highs. Despite the difficult environment, sentiment appears to be shifting. Over the past few weeks, AVAX has drawn renewed attention from traders and analysts who believe the current structure could lead to a meaningful recovery. Market participants are closely watching for a confirmed reversal from the local lows to signal the beginning of a broader move into higher supply zones.

According to Martinez’s insights, Avalanche is currently bouncing off its 200-day Simple Moving Average (SMA) on the 4-hour chart — a level often seen as a key dynamic support in trending markets. This bounce is further supported by the TD Sequential indicator, which has flashed a buy signal, indicating that bullish momentum could be building at this critical price level.

Avalanche bouncing off the 4-hour 200 SMA | Source: Ali Martinez on X

For this reversal to gain real traction, AVAX must not only defend current support but also break through short-term resistance zones to establish a bullish continuation pattern. This week’s price action will be crucial, as the broader crypto market also seeks direction amid macroeconomic uncertainty.

If bulls step in with conviction and volume confirms strength, Avalanche could position itself for a significant push toward the $25–$30 range. However, a failure to hold above the $20 level could result in further downside and a retest of previous lows. With technical indicators aligning and market sentiment improving, the next few sessions could define AVAX’s trajectory for the coming weeks.

AVAX Price Details: Technical Levels To Watch

Avalanche is currently trading at $19.98, testing a key psychological support level after a significant recovery from its local bottom in early April. Despite a modest bounce, AVAX remains well below both the 200-day simple moving average (SMA) at $29.80 and the 200-day exponential moving average (EMA) at $26.30. This confirms that the broader trend is still bearish, and bulls have yet to reclaim any major technical ground.

AVAX consolidating around $20 | Source: AVAXUSDT Chart on TradingView

The recent price rejection near the $22–$23 zone suggests that sellers are still in control. Volume appears to be tapering off, signaling weakening momentum. The declining slope of both the SMA and EMA reinforces the structural weakness in the medium term. Unless AVAX can break above the $26–$30 resistance cluster, the path of least resistance remains to the downside.

For now, the market appears to be consolidating in a lower range between $18 and $23. If this support at $20 fails, AVAX could revisit March lows near $16. On the flip side, a decisive breakout above the EMA could spark renewed interest from bulls and signal a potential trend reversal. Traders should watch for increased volume and a close above $26 to confirm a shift in sentiment.

Featured image from Dall-E, chart from TradingView

Posted on

AVAX Surges 10.7% as Bullish Breakout Signals Strong Momentum

Avalanche's AVAX token has broken out of its multi-week correction phase, demonstrating remarkable strength despite ongoing geopolitical tensions affecting cryptocurrency markets.

The broader market gauge, CoinDesk 20 Index (DLCS), has demonstrated exceptional bullish momentum, surging from 1403.33 to 1461.17 in the last 48 hours, representing a 4.12% gain, while the overall range spans 95.56 points (6.97%) from the low of 1365.61 to the high of 1461.17.

The recent price action of AVAX shows accelerated momentum with the formation of a bull flag pattern and decisive breakout above $20.40, coinciding with significant institutional developments in the ecosystem, according to CoinDesk Research's technical analysis data.

Technical Analysis Highlights

  • AVAX demonstrated remarkable strength, surging from 18.87 to 20.89, representing a 10.7% gain.
  • Price action reveals a clear bullish trend with higher lows forming a strong support trendline around 19.50.
  • After consolidating between 19.30-19.70 on April 20, AVAX experienced a significant breakout on April 21, with volume increasing substantially as the price pushed above 20.00.
  • The most recent 48 hours show accelerated momentum with the formation of a bull flag pattern and a decisive breakout above 20.40, suggesting further upside potential.
  • Key resistance at 20.90 now becomes the level to watch, with Fibonacci extension targets pointing to 21.50 as the next significant objective.
  • In the last 100 minutes, AVAX surged from 20.61 to 21.04, representing a 2.1% gain.
  • After consolidating between 20.50-20.60 during the 13:20-13:40 timeframe, price formed a solid base before initiating a powerful upward move.
  • The decisive breakout occurred at 14:40 with extraordinary volume (146,387 units), creating a strong support level at 20.80.
  • Multiple high-volume candles followed between 14:44-14:48, pushing the price through the critical 21.00 psychological barrier with the highest volume spike (142,112 units) at 14:47.
  • This breakout completes the bullish pattern established in the previous 48 hours, with Fibonacci extension targets now suggesting 21.50 as the next significant objective.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

Posted on

Avalanche To Soar 1,200% And Outperform Bitcoin By 2029: Standard Chartered

Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029.

Ryan Rasmussen, Head of Research at Bitwise, drew attention to these ambitious targets via X. “Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche,” Rasmussen wrote, pointing to a chart that outlined the bank’s estimates.

Standard Chartered expects Avalanche (AVAX) to reach $55 by the end of 2025, $100 by 2026, $150 by 2027, $200 by 2028, and ultimately $250 by the end of 2029. This projected growth represents a more than 1,200% increase from its current trading level of around $20.

Meanwhile, Bitcoin (BTC) updated its forecast and now projects BTC to appreciate from $200,000 in 2025 to $300,000 in 2026, followed by $400,000 in 2027, and finally hitting $500,000 in 2028—a level it is expected to maintain through 2029.

For Ethereum (ETH), Standard Chartered projects the token to hit $4,000 in 2025, $5,000 in 2026, $6,000 in 2027, and $7,500 by 2028, with no change anticipated in 2029. The forecast indicates steady but less dramatic growth relative to Avalanche.

In terms of comparative valuation, the bank provided ratio metrics to show how AVAX might perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many AVAX tokens equal one BTC, is expected to drop from 3,636 in 2025 to 2,000 in 2029.

This decreasing trend implies that AVAX will appreciate faster than Bitcoin over the period. Similarly, the ETH-to-AVAX ratio is projected to decline from 73 to 30 during the same timeframe, pointing to a similar outperformance against Ethereum.

Bitcoin, Ethereum, Avalanche prediction by Standard Chartered

Standard Chartered’s Bullish Case For Avalanche

Standard Chartered has initiated coverage of Avalanche, stating it expects AVAX to rise from its current price of roughly $20 to $250 by the end of 2029. “One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in digital asset prices,” said Geoffrey Kendrick, the bank’s global head of digital assets research, in an email to The Block on Wednesday, referencing his latest report. “And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains.”

Kendrick emphasized that Avalanche’s approach to scaling—particularly after its Etna upgrade, also known as Avalanche9000—positions the network for long-term success. Activated in December 2024, the Etna upgrade dramatically reduced the cost of launching subnets (which Avalanche now calls Layer 1 blockchains), slashing setup expenses from up to $450,000 to nearly zero.

Kendrick noted that these changes appear to be attracting new developer activity: “A quarter of Avalanche’s active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade.”

He also mentioned that some developers are migrating from Ethereum Layer 2 solutions to Avalanche due to its compatibility with Ethereum code and the lower overhead for launching new subnets or L1 chains. While fees on Avalanche can still run higher than certain Ethereum L2s like Arbitrum, Kendrick believes attracting completely new applications—especially in fields such as gaming and consumer-focused tools—will be critical to Avalanche’s growth.

“As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years,” Kendrick remarked, while noting Avalanche’s higher volatility levels compared to BTC.

At press time, BTC traded at $83,334.

Bitcoin price

Posted on

Avalanche’s AVAX Could Rise 10-Fold by 2029: Standard Chartered

Avalanche’s AVAX token is poised for major gains in coming years that should outpace already bullish outlooks for both bitcoin and ether, according to Standard Chartered’s Geoff Kendrick.

“The unique thing about Avalanche is how it is attempting to achieve scale. Unlike Ethereum or Solana, Avalanche (AVAX) uses a set of subnets, or sidechains,” Kendrick said in a note on Wednesday, initiating coverage on AVAX with a $55 price target for the end of 2025, $100 for 2026, $150 for 2027, $200 for 2028 and $250 by the completion of 2029.

“While it is still too early to tell whether the new subnet approach will work, we think the fact that one-quarter of active subnets are already Etna-compatible is encouraging.”

He also pointed out the network’s growing developer number since its upgrade in December, which cut the cost of establishing a subnet close to zero.

Avalanche, which stands at a $9 billion market cap, is currently the 15th-largest cryptocurrency by that metric, making it a great candidate to profit from a big impact even through incremental improvements, according to Kendrick. Among blockchains, it is the tenth-largest by total value locked (TVL).

“As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years, reaching a level around USD 250 by end-2029, more than 10x today’s price.”

Ahead of the December upgrade, the Avalanche Foundation, the issuer of AVAX, raised $250 million in a token sale, led by Galaxy Digital, Dragonfly and ParaFi Capital.

Posted on

Grayscale Files for Spot Avalanche ETF
on Nasdaq

Nasdaq submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to approve the listing of a spot Avalanche exchange-traded fund (ETF) managed by Grayscale.

Grayscale already manages an Avalanche Trust that carries a 2.5% management fee. The filing could lead to a cheaper, more flexible investment vehicle with exposure to the AVAX token, and reflects an industry trend toward developing regulated vehicles for altcoin trading. The SEC, however, has yet to approve any spot altcoin ETFs beyond those offering exposure to ether (ETH).

If approved, Grayscale’s fund would offer another path for traditional investors to access crypto assets through conventional brokerage accounts. The ETF’s custodian would be Coinbase Custody, according tot he filing.

The ETF would hold AVAX directly, tracking the market price of the Avalanche network’s native token. The cryptocurrency is at the time of writing trading at $20.5 after losing 6.6% of its value in the last 24 hours amid a wider market drawdown that has seen the broader CoinDesk 20 Index (CD20) drop by over 4%.

Other companies are also looking at Avalanche. Earlier this month, VanEck filed an S-1 form for an Avalanche ETF.

Last month, Grayscale also filed for a Cardano ETF, which would become the company’s first standalone ADA investment vehicle.

Posted on

Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details

Avalanche (AVAX) has been one of the standout performers in recent weeks, surging more than 53% since March 11 as bulls attempt to kickstart a broader recovery rally. The strong rebound follows a brutal correction in which AVAX lost over 72% of its value since mid-December 2024, triggering widespread capitulation and fear across the market. Now, with price action showing signs of strength, investors are cautiously optimistic — but uncertainty remains.

While the recent rally has brought some relief, many analysts believe the market may be entering a consolidation phase. AVAX is currently struggling to hold above the $22 mark, a key resistance level that could determine whether the uptrend continues or stalls. Several technical signals are flashing caution as momentum begins to slow.

Top analyst Ali Martinez shared insights on X, pointing out that the TD Sequential indicator is now presenting a fresh sell signal. This suggests that AVAX may be due for a short-term pullback or a period of sideways movement. With the broader market still under pressure, traders are watching closely to see whether Avalanche can maintain its gains or lose momentum.

Avalanche Wakes Up But Faces Serious Risks

Avalanche is showing signs of life after enduring months of intense selling pressure. Like many altcoins, AVAX has been heavily impacted by macroeconomic volatility, losing over 70% of its value since mid-December 2024. Now, as bullish momentum begins to return across select altcoins, Avalanche is attempting to stage a recovery rally. The recent 53% surge since March 11 has revived hopes that AVAX could be ready to break out — but headwinds still remain.

The broader market environment continues to be shaped by uncertainty. Trade war fears and unstable macroeconomic signals have kept pressure on risk assets, including cryptocurrencies. Many investors remain cautious and are still offloading positions near current levels, concerned about the long-term direction of the market. While momentum is returning to some sectors, the path for Avalanche is far from clear.

Top analyst Ali Martinez recently highlighted a technical development using the TD Sequential indicator. After accurately calling the recent bottom and a 50% rally in AVAX, the indicator is now flashing a sell signal. This suggests that Avalanche could be due for a short-term retrace or period of consolidation before any further move higher.

Avalanche TD Sequential Indicator Flashes Sell Signal | Source: Ali Martinez on X

The $22 level remains a crucial resistance zone for AVAX. A temporary cooldown here may be healthy — giving bulls time to regroup before attempting a breakout. If AVAX can hold key support and reset after the current rally, it could build a stronger foundation for a decisive push above $22 in the weeks ahead. For now, all eyes are on price action as Avalanche balances between correction and continuation in a market still clouded by uncertainty.

AVAX Struggles Below $22 As Bulls Aim For $30 Breakout

Avalanche (AVAX) is currently trading at $21.80 after briefly reaching $23.40 just two days ago. The recent pullback reflects cooling momentum as bulls struggle to maintain pressure near short-term resistance. Still, the trend remains intact — for now. To sustain the recovery rally, bulls must defend current levels and push toward reclaiming the $30 mark, which aligns with the 200-day moving average (MA) and 200-day exponential moving average (EMA). A successful breakout above this zone would be a strong bullish signal and could mark the beginning of a larger uptrend.

AVAX trying to reclaim the $22 mark | Source: AVAXUSDT chart on TradingView

However, failure to hold above $20 in the coming days would be a warning sign. A breakdown below this level could trigger increased selling pressure and send AVAX back toward the $17 zone — a key support area from previous consolidations. As Avalanche continues to trade within a volatile range, the next few sessions will be crucial in determining short-term direction.

With the market still under macroeconomic pressure, bulls must act quickly to maintain momentum. A decisive move above $30 remains the target, but holding the $20 level is just as important to avoid a deeper retrace and renewed bearish sentiment.

Featured image from Dall-E, chart from TradingView 

Posted on

Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent?

Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark. This perilous situation arises in the middle of a widespread market decline, which has prompted a number of digital assets to reach multi-month lows. Investors are gradually abandoning the market, creating panic selling across the ecosystem, according to analysts.

Technical Indicators Show A Concerning Picture

The recent price movement of AVAX tells a story of eroding support and prolonged weakening. Since February 1, the token has been on a steady decline after failing to maintain momentum following a challenge of the $34.40 resistance level.

Technical analysis indicates that the Relative Strength Index (RSI) has entered oversold territory on daily charts, a condition that typically indicates an imminent reversal. Nevertheless, the Bull Bear Power (BBP) indicator continues to exhibit negative readings, indicating that adverse forces continue to exert a stronghold on the market.

Current conditions may result in an extended correction phase if this bearish dominance continues. The token’s inability to surpass its descending trendline serves to bolster this pessimistic perspective.

Avalanche Fear Index Reaches Critical Levels

The psychology of the market has undergone a significant shift toward extreme caution. The crypto fear and greed index, a critical indicator of market sentiment, has experienced a precipitous decline to a reading of 35, firmly establishing it in the category of “fear.” This widely-followed index operates on a scale of 0 to 100, with readings below 35 indicative of severe market anxiety.

Digital assets have seen turning points throughout history when faced with such high degrees of fear. Though they can sometimes be appealing starting points for contrarian investors, they can indicate the beginning of more market drops as selling momentum rises.

The latter scenario may be unfolding, as there is little evidence of “buy the dip” activity emerging to sustain AVAX’s price, as current market behaviors suggest.

On-Chain Data Confirms Resistance Overhead

The basic outlook seems to be similarly challenging when looking at on-chain measures. The In/Out of Money Around Price (IOMAP) analysis by IntoTheBlock shows that there is a sizable resistance zone at about $23.60.

At this pricing point, over 128,000 addresses control 3.31 million AVAX coins overall, a significant psychological barrier. Currently resting on unrealized losses, many of these holders could wish to sell their positions as soon as it becomes feasible to break even, therefore creating a “sale wall”.

Featured image from Pixabay, chart from TradingView

Posted on

Wrapped AVAX Sees Increased Wallet Accumulation Amid Bybit Card Cashback Adoption

Wrapped AVAX (WAVAX) has seen a surge in wallet accumulation on the Avalanche blockchain, even as its price dropped more than 4% over the past 24 hours, data from TheTie shows.

A total of 3,898 wallets added to their WAVAX holdings today—nearly twice the recent average of 1,600, the data shows. A wrapped token is a token that represents a cryptocurrency from another blockchain or token standard and is worth the same as the original cryptocurrency. The wrapped token can be used on certain non-native blockchains for trading, lending and borrowing on DeFi platforms and later redeemed for the original cryptocurrency.

While a declining price often signals bearish sentiment, the uptick in accumulation could suggest that some traders see long-term potential in WAVAX. However, whether this buying activity translates into price stability or a rebound remains to be seen.

The wallet accumulation comes shortly after major cryptocurrency exchange Binance added AVAX as a cashback option for its Bybit Card product and after the Avalanche network saw technological advancements late last year with its Avalanche9000 upgrade.

The Avalanche ecosystem has also been seeing growing integrations, including the expansion of BlackRock’s tokenized fund BUIDL onto it.

Wrapped AVAX is a tokenized version of Avalanche’s native AVAX coin, enabling broader compatibility across decentralized finance (DeFi) applications.

The growing number of wallets holding WAVAX may indicate users are positioned for future DeFi activity. Avalanche’s DeFi ecosystem, which includes major protocols like Aave and Lido, has been seeing a slight decline in total value locked over the last few months. Trading volumes on the network have nevertheless been steadily growing, according to DeFiLlama data.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.