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Cryptocurrency News Articles
Avalanche (AVAX) is trading at $19.92 at press time, flashing signals that hint at a potential breakout.
May 05, 2025 at 08:02 pm
Avalanche (AVAX) is trading at $19.92 at press time, flashing signals that hint at a potential breakout. After dropping to $16 following its slide from a $54 local peak, the token has rebounded nearly 9% over the past month.
After dropping to $16 following its slide from a $54 local peak, the token has rebounded nearly 9% over the past month.
This had traders looking at what’s next for AVAX, especially as it recently bounced off its 200-day Simple Moving Average (SMA), a level often watched by traders to determine long-term trend direction.
Meanwhile, as popular analyst Ali Martinez noted, the TD Sequential indicator flashed a fresh buy signal on the 4-hour chart.
#Avalanche $AVAX is bouncing off the 200SMA, with the TD Sequential flashing a buy signal on the 4-hour chart! pic.twitter.com/l6ZYvdp5IJ
— Ali (@ali_charts) May 5, 2025
This comes as the token’s market cap has risen by more than $2 billion in the past 30 days, according to the data by CoinMarketCap.
This suggests a short-term trend reversal with crypto analysts growing increasingly bullish.
Crypto expert thelordofentry recently noted that AVAX is showing one of the “best reversal prints” among altcoins on the 4-hour timeframe.
$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. pic.twitter.com/n3YnjbB1dD
— TheLordofEntry (@thelordofentry) May 5, 2025
However, he also acknowledged it’s been underperforming in the recent bounce.
Meanwhile, AMCrypto believes that a breakout above the $22.8 resistance zone could lead AVAX to the $28–$30 range, citing growing investor appetite for utility-driven altcoins.
$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. pic.twitter.com/b1hNmCZ64y
— AMCrypto (@AMCryptoAlex) April 28, 2025
AVAX Price Outlook
On the daily AVAX price chart, the RSI is currently at 45.6, suggesting the asset is neither overbought nor oversold and leaving ample room for upward direction. A bullish divergence from RSI lows formed in April hints at a potential bullish reversal brewing.
The price is trading in a tightening range notable in the narrowing Bollinger Bands, often a precursor to increased volatility. The price is hovering close to the middle band (20-day SMA), indicating trader indecision.
A breakout above $22.8 could lead to a bullish expansion, while if the token breaks below $18.4, the lower band, it may see further downside.
The MACD lines are showing a potential bullish crossover above the zero line. If the MACD line crosses back above the signal line, it could reignite upward pressure.
Interestingly, a rounding bottom pattern is emerging on the daily chart, a bullish reversal formation. If confirmed with a break above $22.8, it could serve as a final confirmation of a rally toward $30.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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