Avalanche

Avalanche Holds Key Demand Zone – Analyst Sets $30 Target If Momentum Holds

Published

2 months ago

February 15, 2025

Este artículo también está disponible en español.

Avalanche has faced relentless selling pressure since mid-December, wiping out over 60% of its value and erasing all the gains from the impressive November 2024 rally. The extended downtrend has left investors uncertain about its near-term prospects as the entire market struggles to regain footing amid ongoing volatility. However, recent price action is offering a glimmer of hope, as AVAX appears to be stabilizing and finding strong demand at crucial levels.

Top analyst Ali Martinez has shared key insights, highlighting a potential recovery scenario for Avalanche. According to Martinez, AVAX is holding above a critical demand zone between $25.30 and $26.10. This level is acting as a strong support, offering the foundation needed to shift market sentiment. If the price continues to hold above this zone, Avalanche could gain the momentum necessary for a recovery rally, with a target of $30 in sight.

The coming days will be pivotal for AVAX as investors watch closely for signs of strength or a potential breakdown. While the bearish sentiment from December lingers, this demand zone could be the launchpad for a turnaround, sparking renewed optimism among traders and long-term holders alike. Will Avalanche finally bounce back? Time will tell.

Avalanche Poised For A Recovery

Avalanche has been trading in a state of indecision, with bulls unable to push the price above the $27 mark and bears failing to drive it further down. This tug-of-war has kept the market in a tight range, leaving traders and investors uncertain about the next major move. While some analysts are optimistic about a potential recovery, others are warning of a continuation of the bearish trend that has plagued AVAX since mid-December.

Martinez shared critical insights on X, highlighting that Avalanche is holding above a key demand zone between $25.30 and $26.10. This level has acted as strong support over the past few days, preventing further downside and giving bulls an opportunity to stage a comeback.

Avalanche In/Out money around price | Source: Ali Martinez on X

According to Martinez, this demand zone could provide the momentum needed for a rally toward the $30 mark. However, the price must first clear the $27 level, which has proven to be a significant resistance point. If AVAX manages to break through this level, a rally could follow quickly.

The next few days will be crucial for Avalanche’s price action. Bulls need to reclaim the $27 mark to shift sentiment and attract more buyers. On the flip side, losing the key support zone could result in a continuation of the bearish trend, potentially taking AVAX into lower demand levels.

As the market watches closely, all eyes are on whether Avalanche can muster the strength for a recovery rally or succumb to further selling pressure. This indecision sets the stage for a potentially explosive move, and traders should remain cautious as the market finds its direction.

AVAX Price Testing Crucial Supply

Avalanche (AVAX) is trading at $26.7 following a 7% surge yesterday, signaling renewed efforts by bulls to regain control of price action. The $27 mark has emerged as a critical supply level, acting as a barrier to further upward movement. Bulls are currently focused on reclaiming this level, which has held the price down for several days. If AVAX can successfully push above the $27 mark and clear the $28 resistance, a recovery rally could gain momentum, potentially driving the price toward the $30 mark.

AVAX testing supply below $27 | Source: AVAXUSDT chart on TradingView

However, the current rally faces challenges as selling pressure remains strong at these key levels. Losing the $25 support zone would likely halt the recovery attempt and lead to further consolidation below the key supply range that AVAX is currently testing. A breakdown below $25 could bring Avalanche back into the $23-$24 demand zone, prolonging the uncertainty surrounding its short-term direction.

The coming days will be crucial in determining whether AVAX can sustain its recent gains and reverse its bearish trend. For now, bulls must build on yesterday’s momentum by reclaiming and holding the $27 mark as support. This would set the stage for a breakout above $28, shifting market sentiment in favor of a broader recovery rally.

Featured image from Dall-E, chart from TradingView

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Avalanche

Crypto Trader Says Dogecoin Is at a Critical ‘Make-or-Break’ Level, Updates Outlook on Solana and Avalanche

Published

2 hours ago

April 4, 2025

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Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term.

Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.

According to Martinez, Dogecoin could either go up substantially by up to 256% from the support zone if the critical level holds as support or fall precipitously by around 60% if the critical level fails as support.

Based on a chart by the crypto trader, it appears he’s suggesting that Dogecoin is in an ascending channel on the weekly time frame and the make-or-break level is the lower boundary of the pattern.

“If $0.16 holds, a rally to $0.57 could follow. If it fails, a drop to $0.06 becomes likely.”

Dogecoin is trading at $0.158 at time of writing.

Next up is Solana (SOL). Martinez says the seventh-largest crypto asset by market cap is primed to go lower after breaking down below a descending triangle pattern on the daily time frame. Based on Martinez’s chart, it appears he is suggesting that Solana could plummet to around $60, about 47% from the current level.

Solana is trading at $114 at time of writing.

Turning to Avalanche (AVAX), Martinez says that the utility token of the layer-one blockchain is primed to break down from the lower boundary of a rectangle pattern that has formed on the daily time frame. According to Martinez, Avalanche could fall by up to 61% from the current level.

Avalanche is trading at $18 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Avalanche

AVAX To Soar 1,200%, Beat Bitcoin By 2029: Standard Chartered

Published

1 day ago

April 3, 2025

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Este artículo también está disponible en español.

Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029.

Ryan Rasmussen, Head of Research at Bitwise, drew attention to these ambitious targets via X. “Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche,” Rasmussen wrote, pointing to a chart that outlined the bank’s estimates.

Standard Chartered expects Avalanche (AVAX) to reach $55 by the end of 2025, $100 by 2026, $150 by 2027, $200 by 2028, and ultimately $250 by the end of 2029. This projected growth represents a more than 1,200% increase from its current trading level of around $20.

Meanwhile, Bitcoin (BTC) updated its forecast and now projects BTC to appreciate from $200,000 in 2025 to $300,000 in 2026, followed by $400,000 in 2027, and finally hitting $500,000 in 2028—a level it is expected to maintain through 2029.

For Ethereum (ETH), Standard Chartered projects the token to hit $4,000 in 2025, $5,000 in 2026, $6,000 in 2027, and $7,500 by 2028, with no change anticipated in 2029. The forecast indicates steady but less dramatic growth relative to Avalanche.

In terms of comparative valuation, the bank provided ratio metrics to show how AVAX might perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many AVAX tokens equal one BTC, is expected to drop from 3,636 in 2025 to 2,000 in 2029.

This decreasing trend implies that AVAX will appreciate faster than Bitcoin over the period. Similarly, the ETH-to-AVAX ratio is projected to decline from 73 to 30 during the same timeframe, pointing to a similar outperformance against Ethereum.

Bitcoin, Ethereum, Avalanche prediction by Standard Chartered — Bitcoin, Ethereum, Avalanche predictions by Standard Chartered | Source: X @RasterlyRock

Standard Chartered’s Bullish Case For Avalanche

Standard Chartered has initiated coverage of Avalanche, stating it expects AVAX to rise from its current price of roughly $20 to $250 by the end of 2029. “One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in digital asset prices,” said Geoffrey Kendrick, the bank’s global head of digital assets research, in an email to The Block on Wednesday, referencing his latest report. “And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains.”

Kendrick emphasized that Avalanche’s approach to scaling—particularly after its Etna upgrade, also known as Avalanche9000—positions the network for long-term success. Activated in December 2024, the Etna upgrade dramatically reduced the cost of launching subnets (which Avalanche now calls Layer 1 blockchains), slashing setup expenses from up to $450,000 to nearly zero.

Kendrick noted that these changes appear to be attracting new developer activity: “A quarter of Avalanche’s active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade.”

He also mentioned that some developers are migrating from Ethereum Layer 2 solutions to Avalanche due to its compatibility with Ethereum code and the lower overhead for launching new subnets or L1 chains. While fees on Avalanche can still run higher than certain Ethereum L2s like Arbitrum, Kendrick believes attracting completely new applications—especially in fields such as gaming and consumer-focused tools—will be critical to Avalanche’s growth.

“As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years,” Kendrick remarked, while noting Avalanche’s higher volatility levels compared to BTC.

At press time, BTC traded at $83,334.

Bitcoin price — BTC crashes after the Trump announcement, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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Altcoins

Nasdaq Files To Launch a New Grayscale Avalanche (AVAX) Exchange-Traded Fund

Published

6 days ago

March 30, 2025

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Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US.

The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX.

Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to the Ethereum (ETH) rival.

Coinbase Custody will serve as the custodian for Grayscale’s Avalanche ETF if it’s approved. The crypto asset manager also hopes to launch funds tied to Cardano (ADA), Solana (SOL), XRP and Hedera (HBAR).

The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

Two financial firms, Franklin Templeton and Hashdex, also launched joint BTC-ETH ETFs earlier this year.

AVAX is trading at $20.36 at time of writing. The 17th-ranked crypto asset by market cap is down nearly 8% in the past 24 hours.

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