AVAX Price Prediction: 30% Rally Ahead or Sharp Drop Incoming?

Key Insights:

• AVAX’s price is at a key level, with traders eyeing a potential 30% upside rally or a sharp decline.
• On the weekly timeframe, AVAX appears to be trading within a descending channel pattern, signaling a potential strong price rebound.
• Whales and long-term holders seem to have accumulated $4.57 million worth of AVAX tokens in the past 24 hours.

AVAX price prediction is one of the key topics to discuss amid ongoing market uncertainty, where assets experience massive price volatility. AVAX is the native token of Avalanche and has recently gained widespread attention due to its impressive price surge.

AVAX’s Short Term Technical Analysis and Key Level

Data reveals that the asset has surged 25% over the past week and has reached a crucial level with a history of price reversals. According to expert analysis, AVAX is still in a downtrend despite its recent rally, as its price remains below the 200 Exponential Moving Average (EMA) on the daily timeframe.

AVAX Price Prediction on Smaller Period

Since the beginning of February 2025, AVAX’s price has faced resistance from a descending trendline and has now reached that level. Based on historical price momentum, if AVAX fails to break the trendline and remains below the $23.35 level, there is a strong possibility that its price could drop by 15%–20%, reaching the $17 level in the coming days.

AVAX Price Prediction Bullish on Weekly Period

Meanwhile, the AVAX price prediction appears bullish on the weekly timeframe. The chart reveals that the asset is trading within a descending channel pattern. Amid the recent market decline, the asset found support at the lower boundary, and the price has begun to rebound but is facing resistance from a descending trendline. The weekly chart reveals that the asset has been facing trendline resistance since the beginning of December 2024, with the price consistently failing to breach this level. However, sentiment has now shifted, and the asset’s price is near the lower boundary, hinting at a potential recovery. If AVAX’s price breaches its prolonged resistance trendline and closes a weekly candle above the $24.60 level, it could initially jump by 30% to reach the $31.50 level in the coming days. Meanwhile, if the upside momentum continues, the price could see another 50% surge.

Current Price Momentum

At press time, AVAX was trading near $22.25, recording a 5% price decline in the past 24 hours. During the same period, its trading volume dropped by 15%, indicating lower investor and trader participation compared to the previous day.

$4.57 Million Worth of AVAX Outflow

Despite the price decline, whales and long-term holders appear to be accumulating tokens, according to on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have seen an outflow of $4.57 million worth of AVAX tokens in the past 24 hours, indicating potential accumulation, which could create buying pressure.

Combining this on-chain data with technical analysis suggests that long-term holders are bullish on AVAX, while a short-term price correction may be likely.