- The bullish AVAX price forecast is $28.99 to $84.10.
- Avalanche (Afax) The price may also reach $100 soon.
- The bearish AVAX price prediction for 2022 is $15.91.
In the Avalanche Price Forecast (AVAX) 2022, we use statistics, price patterns, RSI, RVOL and other information about AVAX to analyze the future movement of cryptocurrencies.
Avalanche (AVAX) Current Market Status
according to Queen GekkoPrice of Avalanche (AVAX) is $16.84 with a 24-hour trading volume of $211,620,234 at the time of writing. However, AVAX is down about 1.3% in the past 24 hours.
Furthermore, Avalanche (AVAX) has a rolling stock of 295.769.062 AVAX. Avalanche (AVAX) trades on cryptocurrency exchanges such as Binance, Coinbase Exchange, FTX, Gate.io and KuCoin.
What is an avalanche (AFAX)?
Avalanche (AVAX) is the original cryptocurrency of the Avalanche Network. AVAX was launched in 2020. Avalanche is an open source decentralized blockchain for creating custom dApps and blockchains. It is widely known as the “winter-themed” ecosystem that holds AVAX, the “red coin”.
AVAX tokens have 3 primary use cases. First, they act as a transaction fee. It serves as the basic unit of all avalanche subnetworks. Moreover, users can share AVAX and earn these tokens as rewards.
Avalanche consists of 3 interoperable blockchains with distinct functions and multiple subnets. The X-Chain handles the trading activities. C-chain is intended to create dApps. Platform Chain (P-Chain), which aims to validate transactions and maintain subnets.
The avalanche consensus protocol is distinct. It is not completely dependent on Proof of Work (PoW) or Proof of Stake (PoS). It works with an improved consensus on a directed non-periodic graph (DAG). Notably, the Snowman protocol, which is part of the Avalanche consensus protocol, is noteworthy for block production.
Avalanche (AVAX) Price Forecast 2022
Avalanche (AVAX) is now 17th on CoinGecko. The AVAX 2022 price forecast is explained below with a daily time frame.
The AVAX chart above depicted a bearish channel pattern, also known as a bearish channel. A descending channel consisting of two parallel trend lines. The upper trend line, which joins the highs, and the lower trend line, which joins the lows, run parallel to the bottom. This pattern is characteristic of a bear market.
Currently, Avalanche (AVAX) is in the $18.74 range. If the pattern continues, AVAX price could reach the $21.35, $23.92 and $28.51 resistance levels. If the trend reverses, AVAX could drop to $17.35.
Avalanche Support and Resistance (AVAX) Levels
The chart below shows the avalanche support and resistance (AVAX) levels.
From the daily time frame above, we can clearly interpret the following as the Avalanche Avalanche (AVAX) resistance and support levels.
|resistance level 1||$28.99|
|resistance level 2||$41.14|
|resistance level 3||USD 57.76|
|resistance level 4||$84.10|
|Support level||USD 15.91|
The charts show that Avalanche Avalanche (AVAX) has conducted an upward trend over the past month. If this trend continues, AVAX may work in tandem with the bulls breaking the resistance at $84.10.
Accordingly, if investors turn against the cryptocurrency, the price of Avalanche (AVAX) could drop to close to $15.91, which is a bearish sign.
Avalanche (AVAX) Price Forecast 2022 – RVOL, MA and RSI
The relative magnitude (RVOL) of the avalanche (AVAX), as shown in the graph below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of AVAX is above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of the avalanche (AVAX) is shown in the above chart. Notably, the price of Avalanche (AVAX) is below 50 MA (short term), so it is in a downtrend. Currently, AVAX is in a downturn. Therefore, there is a possibility of a reversal of the AVAX trend at any time.
Meanwhile, the relative strength index (RSI) for Afax is 33.31. This means that Avalanche (AVAX) is almost in oversold condition. However, this does mean that a major reversal in the AVAX price may occur in the coming days. Therefore, traders need to trade carefully.
Avalanche (AVAX) Price Forecast 2022 – ADX, RVI
Let’s now take a look at the Average Directional Index (ADX) Avalanche Index (AVAX). It helps to measure the overall strength of a trend. The indicator is the average of the values of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.
The chart above represents the ADX Avalanche Indicator (AVAX). Currently, AVAX’s ADX is in the range of 25.97 and therefore indicates a weak trend.
The above chart also represents the Avalanche Relative Volatility Index (RVI) (AVAX). RVI measures the continuous deviation of price changes over a period of time. AVAX’s RVI is below 50, indicating low volatility. In fact, the Avalanche Relative Strength Index (AVAX) is at 33.31 confirming a possible sell signal.
Comparison of AVAX, BTC and ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Avalanche (AVAX).
From the above chart, we can interpret that the price action of AVAX is similar to BTC and ETH. This indicates that when the price of BTC and ETH rises or falls, the price of AVAX increases or decreases, respectively.
Avalanche (AVAX) Price Forecast 2023
If the price action’s decline completely slows in momentum and reverses, the avalanche (AVAX) It could reach $145 by 2023.
Avalanche (AVAX) Price Forecast 2024
With several network upgrades, avalanche (AVAX) may enter an upward trajectory. If the coin grabs the attention of major investors, AVAX could rise to $165 by 2024.
Avalanche (AVAX) Price Forecast 2025
If the avalanche (AVAX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, AVAX will rise to $185.
Avalanche (AVAX) Price Forecast 2026
If the avalanche (AVAX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, AVAX will rise to $195.
Avalanche (AVAX) Price Forecast 2027
If the avalanche (AVAX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, AVAX will rise to $205.
Avalanche (AVAX) Price Forecast 2028
Avalanche (AVAX) holds a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By paying significant price hikes, AVAX will come to $215. in 2028.
Avalanche (AVAX) Price Forecast 2029
If investors flock and continue to place their bets on Avalanche Avalanche (AVAX), it will see big spikes. AVAX could reach $225 by 2029.
Avalanche (AVAX) Price Forecast 2030
With even greater developments in the avalanche ecosystem, the crypto community may continue to invest in AVAX over the next eight years and drive the token into price spikes. Thus, the price of the avalanche (AVAX) could reach $235 by 2030.
With the continuous improvements in the avalanche network, we can say that 2022 is a good year for Avax. For this reason, the Avalanche Avalanche Price (AVAX) Bullish Prediction in 2022 is $84.10. On the other hand, the bearish price prediction for the Avalanche Avalanche (AVAX) for 2022 is $15.91.
Furthermore, with developments and upgrades in the avalanche ecosystem, AVAX’s performance will help it reach an all-time high (ATH) of $144.96 soon. But, it could also reach $100 if investors think AVAX is a good investment in 2022.
Avalanche (AVAX) is the original cryptocurrency of the Avalanche Network. AVAX was launched in 2020. Avalanche is an open source decentralized blockchain for creating custom dApps and blockchains.
Avalanche (AVAX) is listed on several cryptocurrency exchanges including Binance, Coinbase Exchange, FTX, Gate.io, and KuCoin.
With the constant developments and updates within the avalanche platform, AVAX has a high potential to reach ATH soon.
On November 21, 2021, the avalanche (AVAX) reached an all-time high (ATH) at $144.96.
Avalanche (AVAX) appears to be one of the most profitable cryptocurrencies this year. According to the avalanche’s recorded achievements in the past few months, AVAX is a good investment in 2022.
Avalanche (AVAX) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, the avalanche (AVAX) will hit $100 soon.
The price of the avalanche (AVAX) is expected to reach $145 by 2023.
The price of the avalanche (AVAX) is expected to reach $165 by 2024.
The price of the avalanche (AVAX) is expected to reach $175 by 2025.
The price of the avalanche (AVAX) is expected to reach $195 by 2026.
Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.
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