Avalanche Price Prediction as AVAX Consolidates at Key Support

Key Takeaways:

• Avalanche (AVAX) is testing a critical support level at $32.43, aligned with the 38.2% Fibonacci retracement.
• The $32.43 support is pivotal for determining AVAX's next price movement
• If the AVAX price surpasses $36, it could rally toward the $40-$45 range.

The price of Avalanche (AVAX) has been relatively stable for several months. This stable period, known as a consolidation phase, means the price moves sideways within a narrow range without major increases or decreases.

From April 2024 to November 2024, the price of Avalanche mostly stayed between $30 and $40. However, in the first week of December 2024, it jumped to $54, a level it hadn't reached since late March. Since then, the price has resumed consolidating, with crypto traders unsure of its direction.

In the past week, the coin has traded between $32.11 and $37.92, showing little movement. It is now at a point where the next price action could be important: it might go up or down from here.

Avalanche (AVAX) Tests Key Support as Traders Watch for Reversal

According to a recent analysis by InvestingHaven, Avalanche (AVAX) is testing a critical support level at $32.43, identified as the 38.2% Fibonacci retracement level. The cryptocurrency has pulled back to this level, aligning with the traders' 2025 market predictions.

$AVAX Testing Key Support

Avalanche has reached our predicted 2025 support and is consolidating.

-Pullback aligns with 2025 predictions
-$32.43 is the pivotal Fib level
-8-day close determines next direction#AVAX 38.2% Fib at $32.43 is critical for the bullish reversal. https://t.co/C7dcVTn9bO pic.twitter.com/vxD4Oh6ozS

— InvestingHaven (@InvestingHaven) January 28, 2025

A TradingView chart shared in the post highlights the $32.43 level as pivotal, marking it as “2025 Support.” The analysis suggests that AVAX's ability to hold this zone could determine its next move, with an 8-day closing period as a key timeframe for confirmation.

A failure to maintain support could lead to further downside, while a successful hold may signal the beginning of a bullish reversal.

InvestingHaven's outlook implies that maintaining this support could pave the way for a price rebound toward its identified “2025 Target Area,” positioned significantly higher on the chart.

AVAX Price Analysis

Avalanche (AVAX) is changing hands for $33.20, showing a 9.98% drop over the past week as it tests critical support levels. The price recently recovered from a low of $31.83, with resistance near $36.02. TradingView data shows multiple technical indicators suggesting a key turning point for AVAX in the coming weeks.

The 50-day simple moving average (SMA) is $34.38, and the Bollinger Band average is $35.28. These levels serve as near-term resistance. If the Avalanche coin price moves decisively above these levels, it could indicate renewed bullish momentum. However, the 100-day SMA at $26.83 offers a lower support level that may be tested if selling pressure increases.

Meanwhile, Bollinger Bands show more price movement, with the price recently testing both upper and lower bands. The recent tightening suggests that the price may consolidate before a possible breakout. The trading volume has dropped by 28.73% in the last 24 hours, indicating less market activity, which could result in slower price changes unless volume increases.

If Avalanche (AVAX) stays above the 50-day SMA and breaks through $36, it could continue to rise toward the $40-$45 range. On the other hand, if it fails to hold above current levels, it may drop back to the $26-$28 range in the coming weeks.

Related: Bitcoin Price Falls Below $100K as DeepSeek AI Sparks Major Selloff in U.S. AI Stocks