Convergence

bullish

Avalanche

Divergence

<p>The AVAX price has made a strong bullish recovery after successfully retesting its important support level around the $30 mark. With this, the 12th largest altcoin hints at a positive price action this week.</p>   
<p>Amid ongoing crypto market recovery, will Avalanche price record a new 52-week high during the upcoming time? Or will this altcoin experience a strong bearish reversal in its portfolio?</p>   
<h2 class="wp-block-heading" id="h-avax-coin-price-successfully-retests-its-important-support-trendline"><strong>AVAX Coin Price Successfully Retests Its Important Support Trendline!</strong></h2>   
<p>With a weekly gain of ~5%, the Avalanche price has maintained its value above the $30 mark. Moreover, it has added 25.69% to its valuation in the last 30 days. It is currently holding the 12th position with a market cap of $14.38 billion.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19193419/avax-price-analysis-19th-Nov-2024-1024x541.webp" alt="AVAX Coin Price Successfully Retests Its Important Support Trendline!" class="wp-image-381973">
</figure>   
<p>The Moving Average Convergence Divergence (MACD) displays a constant green histogram with a steady rise in the green histogram. This indicates a positive outlook for the altcoin in the crypto market.</p>   
<p>On the other hand, the EMA 50/200-day records a Golden Cross in the 1D time frame. With increasing volatility, the AVAX token may continue gaining value in the upcoming time.</p>   
<h2 class="wp-block-heading" id="h-will-avalanche-price-retest-50-this-q4"><strong>Will Avalanche Price Retest $50 This Q4?</strong></h2>   
<p>Suppose, the market continues favoring the bulls, in that case, the AVAX coin price will head toward its resistance level of $39.30. Further, if the bullish sentiment intensifies, this could result in this altcoin retesting its upper resistance level of $48.45.</p>   
<p>On the contrary, if the bears outrun the bulls, the Avalanche token will retest its support level of $31.50. Moreover, if the bears dominate the market, this could result in its retesting low of $24.30 this month.</p>   
<p>To find out, if AVAX price will reach $1000? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noreferrer noopener">Avalanche Price Prediction</a> and follow us to stay updated on the latest crypto news!</p>   
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732024609032">
  <strong class="schema-faq-question"><strong>How much will Avalanche be worth in 2025?</strong></strong> 
  <p class="schema-faq-answer">Considering the current market sentiment, the AVAX token may hit $160 in 2025.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732024651072">
  <strong class="schema-faq-question"><strong>Is AVAX a good buy right now?</strong></strong> 
  <p class="schema-faq-answer">This altcoin has gained ~26% in 30 days, making it a potential pick for a long-term portfolio.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732024663841">
  <strong class="schema-faq-question"><strong>Can Avalanche reach $1000?</strong></strong> 
  <p class="schema-faq-answer">For AVAX crypto to hit $1000, it will require a surge of 2,735.27%.</p> 
 </div> 
</div>

Avalanche Price Prediction: Is $50 The Next Target For AVAX Price?

Table of Contents

CoinPedia News

Other articles published on Nov 19, 2024

JPMorgan Reveals Bitcoin Mining Profitability Soars in November

$200 Million ETH in One Hour: Enormous Ethereum Comeback

Bitwise to Launch First-Ever Aptos Staking ETP on SIX Swiss Exchange

XRP Nears Key Support as Descending Triangle Hints at Imminent Breakout

South Korea’s Paju Goes All In on $88K Crypto Tax Evasion

FBI investigates crypto romance scammers that swindled $5m

Join our free newsletter for daily crypto updates!