According to our current Avalanche price prediction, the value of Avalanche is predicted to rise by 10.09% and reach $ 18.82 by October 10, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 25 (Extreme Fear). Avalanche recorded 16/30 (53%) green days with 6.90% price volatility over the last 30 days. Based on our Avalanche forecast, it’s now a bad time to buy Avalanche.
Comparing Avalanche against other important technological innovations and trends is one way of predicting where the Avalanche price could head over the long term. The table above shows what the Avalanche price would be by end of year 2023, 2024, and 2025 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, AVAX price prediction for year 2025 is $ 261.47 if it follows Facebook growth. In case Avalanche would follow Internet growth the prediction for 2025 would be $ 51.54.
Avalanche is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 180 days, since Apr 08, 2022.
The price of Avalanche is currently below the 50-day SMA and this indicator has been signaling SELL for the last 47 days, since Aug 19, 2022.
The most recent Death Cross in the Bitcoin market happened 215 days ago, on Mar 04, 2022. Meanwhile, a Golden Cross last occurred on Sep 02, 2021, which was 398 days ago.
Based on our technical indicators, Avalanche’s 200-day SMA will drop in the next month and will hit $ 26.23 by Nov 04, 2022. Avalanche’s short-term 50-Day SMA is estimated to hit $ 17.46 by Nov 04, 2022.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 44.75, which indicates that the AVAX market is in a neutral position.