- The price has risen by more than 95% over the past month
- Although it’s currently down by around 4% over the last 24 hours
- THE Avalanche cryptocurrency has attracted the attention of investors, boosting its value for the month of November.
AVAX price has seen a massive upswing over the last month, pushing its market value into the triple-digit territory. While Avalanche undergoes a short-term retracement, the upside is likely to improve if the bulls hold critical levels. A breakdown of the $97.38 support level will invalidate the bullish thesis.
But since the last day market crash to which people often say “Its was not a crash, it was a part of Black Friday Sale”, AVAX also responded to the market and dropped towards 102$ price with a quick recovery at 112$.
AVAX Price Prediction: Social Media Data by Lunarcrush statistics
Social Volume Rank: 66th (Down 23)
Social Engagement Rank: 62nd (Down 37)
Avalanches typically fall downward, but the Avalanche (CCC:AVAX-USD) network isn’t going anywhere but up. The dapp platform is making some changes and in turn inviting developers in droves to come participate on the platform. The result is a series of upward bursts propelling the AVAX coin to new all-time highs. In turn, bulls are seeking out AVAX price predictions to see how much higher the coin can head in the future.
AVAX Price Predictions: Where Is Avalanche Headed With Newfound Popularity?
Avalanche is benefitting greatly from the new exposure, with trading volume doubling up in the wake of the Twitter chatter. Over $1.2 billion in AVAX is trading hands so far today. The network is also climbing the charts in terms of market capitalization, with its current $16 billion market cap making it the thirteenth-largest crypto network in the world.
The price of Avalanche’s AVAX coin is seeing a new all-time high today, topping out at about $81. As it continues to surge, investors are curious about the future. Let’s take a look at some AVAX price predictions to see what’s next in store for the coin:
- DigitalCoin thinks AVAX still has plenty left in the tank to carry it past $100 in 2021. The site’s year-end price target for AVAX is $132.
- CoinPriceForecast’s year-end prediction is not quite as optimistic, expecting AVAX prices to reach $88.50.
- The Economy Forecast Agency expects AVAX to see a price of $117.60 by the end of 2021. Its November 2022 prediction targets a value of $181.
- WalletInvestor’s 12-month prediction pegs AVAX for a target of $240.
Pivot, Resistance and Support Levels for Day Traders : AVAX Price Forecast
Calculation For Trading:
Resistance Level (R3): 132.024
Resistance Level (R2): 125.777
Resistance Level (R1): 114.798
Pivot Point: 108.551
Support Level (S1): 97.572
Support Level (S2): 91.325
Support Level (S3): 80.346
Questions & Answers about Avalanche Projection
What is the Avalanche price today?
The current price of Avalanche is 108.494 USD today.
Will Avalanche price grow / rise / go up?
Yes. The Avalanche price can go up from 108.494 USD to 251.081 USD in one year.
Is it profitable to invest in Avalanche?
Yes. The long-term earning potential is +131.42% in one year.
Will Avalanche price fall / drop?
No. See above.
What will Avalanche be worth in five years (2026)?
The Avalanche (AVAX ) future price will be 724.457 USD.
Will Avalanche replace / surpass / overtake Bitcoin?
According to our predictions, this won’t happen in near future.
Will Avalanche crash?
According to our analysis, this will not happen.
Avalanche price predictions
The price of Avalanche is currently sitting at $127.65, according to CoinMarketCap.
It comes after it reached a record high of $144.88 yesterday, November 22.
Ava Labs recently announced a partnership with Deloitte, which has added fuel to its current price run.
The soaring value means it’s now competing with Dogecoin for the 10th spot in a list of cryptocurrencies arranged by market cap.
How the cryptocurrency’s value will change in the future is impossible to say for certain, but a value of $150 isn’t that far off.
Plenty of crypto sites have also made predictions of where the price will end up in the future.
For example, Wallet Investor expects the cryptocurrency to be worth $251.081 in a year’s time while it could soar to $724.457 in five years.
In comparison, Coin Price Forecast forecasts a value of $262 by the 2021 year-end.
The price could soar to $683 by the end of 2022 and $1,771 by the end of 2025, the site predicts.
It’s important to note that these predictions will likely change if the value of Avalanche crashes or soars in the near future.