Ah, Avalanche (AVAX) – the drama king of crypto, currently sitting at $19.92 like it’s trying to decide whether it’s going to rise or fall. The token, once riding high at $54, took a tumble down to $16, but look at it now: nearly 9% back up in the last month. Not too shabby, huh?
Recently, AVAX had a little rendezvous with its 200-day Simple Moving Average (SMA), a level that traders love to obsess over to figure out which way the wind is blowing. And, as Ali Martinez, the so-called guru of charts, pointed out, the TD Sequential indicator is flashing a green light on the 4-hour chart. Cue the dramatic music.
#Avalanche $AVAX is bouncing off the 200SMA, with the TD Sequential flashing a buy signal on the 4-hour chart!
— Ali (@ali_charts) May 5, 2025
In the last 30 days, AVAX’s market cap has grown by more than $2 billion. Looks like it’s trying to make a comeback, huh? Analysts are starting to get all bullish, thinking it might reverse the trend and reach new heights. Thelordofentry even dropped a tweet saying AVAX is showing one of the “best reversal prints” among altcoins on the 4-hour timeframe. Though, let’s be real – it’s still kind of dragging its feet compared to others.
$AVAX interestingly the best reversal prints out of most ALTS on the 4hr but the biggest underperformer on this bounce – I am still long here.
— TheLordofEntry (@thelordofentry) May 5, 2025
Of course, it’s not all sunshine and rainbows. According to AMCrypto, if AVAX can break that $22.8 resistance, then yeah, we might see it zooming towards the $28–$30 range. But let’s not get ahead of ourselves – it’s still got some work to do.
$AVAX bull flag formation 🚀
Utility tokens are gaining momentum, so AVAX is most likely to follow this rally.
If AVAX manages to break above $22.8, expect a rally towards $28-$30 in the coming weeks.
— AMCrypto (@AMCryptoAlex) April 28, 2025
The AVAX Price Saga
The RSI is sitting at 45.6 right now, a perfect middle ground, like a crypto Goldilocks zone. Not too hot, not too cold – giving AVAX plenty of room to breathe and climb. A bullish divergence from April’s RSI lows suggests something might be cooking in the background. Maybe a nice reversal is on the way?
AVAX price chart | Source: Trading View
The price is currently dancing inside a narrowing range, as seen in the Bollinger Bands. This is often the calm before the storm. Traders are clearly uncertain, hovering around the 20-day SMA like it’s a safety blanket.
If AVAX breaks above $22.8, things could get wild, possibly sending it toward $28–$30. But, if it dips below $18.4, well, don’t be surprised if we’re looking at more red candles. Sometimes, it’s just the way it goes.
The MACD lines are showing a potential bullish crossover above the zero line. If the MACD line decides to rise above the signal line, we might see the rally kick into overdrive.
AVAX price chart | Source: Trading View
A rounding bottom pattern is also starting to appear on the daily chart. A classic reversal move. If it confirms with a break above $22.8, we could be looking at a decent shot at a rally toward $30. But, of course, this is crypto – anything can happen. Hold onto your hats.
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2025-05-05 18:16