Is Avalanche (AVAX) Ready to Surge Past $30? Here’s the Buy Signal You Don’t Want to Miss!

Jakarta, Pintu News – Avalanche (AVAX) is currently trading at $19.92, showing signals indicating a potential breakout.

After dropping to $16 after falling from a local peak of $54, the token has seen a rebound of almost 9% in the past month.

Technical Indicators and Avalanche Market Analysis

According to CoinSpeaker, AVAX recently bounced off its 200-day Simple Moving Average (SMA), a level often monitored by traders to determine the direction of long-term trends.

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Meanwhile, as noted by renowned analyst Ali Martinez, the TD Sequential indicator gave a new buy signal on the 4-hour chart. According to data from CoinMarketCap, AVAX has added over $2 billion to its market capitalization in the last 30 days.

This indicates a short-term trend reversal with crypto analysts becoming increasingly optimistic.

Crypto expert thelordofentry recently noted that AVAX is showing one of the “best reversal patterns” among altcoins on the 4-hour time frame.

However, he also acknowledged that AVAX has underperformed in this latest rebound.

Meanwhile, AMCrypto argues that if AVAX manages to break the resistance zone at $22.8, the token’s price could rise to the $28-$30 range, given investors’ increasing interest in utility-driven altcoins.

AVAX Price Outlook

On the daily AVAX price chart, the RSI is currently at 45.6, indicating that the asset is neither overbought nor oversold, giving enough room for a potential upside move.

The bullish divergence formed from the RSI low in April indicates a potential bullish reversal is developing.

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The AVAX price is trading in a narrowing range, as seen by the narrowing Bollinger Bands, which is often a sign of increased volatility.

The price is currently near the middle band (20-day SMA), which indicates uncertainty among traders.

If the price manages to break above $22.8, this could trigger a bullish expansion. However, if the token drops below $18.4, which is the lower band, AVAX may see further declines.

The MACD line shows a potential bullish crossover above the zero line. If the MACD line crosses above the signal line again, it could trigger upward pressure again.

Interestingly, a rounding bottom pattern is starting to form on the daily chart, which is a bullish reversal formation. If confirmed with a break above $22.8, this could ensure a rally towards $30.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Avalanche (AVAX) Flashes Buy Signal 30% Ahead. Accessed on May 6, 2025