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Can Avalanche Gain Another 350%?

AVAX – the underdog chain lurking in the shadows and slowly creeping up and outperforming the strength of Solana, Ethereum, and Bitcoin on crypto’s latest sell-off. Is it time for the Avalanche to wipe out the competition and gain the spotlight as a massive gainer? Will patient investors be rewarded? Follow along as we analyse AVAX’s latest price moves and what technical indicators are saying!

AgriForce is a large self-sustaining Bitcoin mining company with clean energy solutions. It looks like they are onto something when it comes to AVAX. If they do achieve this $500M raise and accumulate the Avalanche coin – that is surely a large catalyst.

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Can AVAX Gain 350%: What Does Technical Analysis Say?

(AVAXUSD)

It is always a guessing game when it comes to price prediction. Though there are pieces of information that can be put together. After doing our due diligence our guess turns into an educated guess.

Let us begin our technical analysis on the 1W timeframe. On it, we are able to see the entire AVAX price history. The 2021 ATH and support levels are key – $147 and $55, which is now resistance. In 2024, the price deviated above $55 and was rejected once more a few months later. Currently, we are observing attempt #3. Something that is special is the MA100(green) meeting MA200(red). Once we have white(MA50) on top, green in the middle, and red below, the uptrend has started.

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What are the chances we see a new AVAX ATH? Explore the possibility of 350% gain during the next months via technical and price analysis.What are the chances we see a new AVAX ATH? Explore the possibility of 350% gain during the next months via technical and price analysis.

(AVAXUSD)

On the 1D timeframe, we can see that the trend is already up. Price consolidated for 7 months – between February and September, within a $11 range, roughly $15 to $26. We see a decisive daily candle on September 10th, breaking above the range. Moving averages are in an uptrend – white above, red below. And last, but very important, is yesterday’s sell-off and how quickly buyers stepped in. Now we can expect AVAX to continue its journey to $55 and then attack the 2021 ATH.

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Concluding Thoughts and When To Enter Longs?

(AVAXUSD)

When we look for entries, the best process is to analyse the higher timeframes, like we did just now, and then the lower timeframes. In this case, we will finish our analysis with the 4H chart. Once the market starts trending up, the ideal place to enter long is during retraces. How do we know when a retrace is over? We don’t. But we know that an uptrending asset has a price structure – Higher Highs and Higher Lows.

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We can also look for strength – Bullish Engulfing candles and volume for example. So for entries, we can look for dips or re-tests of the MAs. And our stops should be below the previous Higher Low according to the timeframe we use. In the instance with the retrace yesterday – we would enter at ~$30, with stop at ~$25 and we’d be up 1R by now. A lot more R’s until $55 though!

Can AVAX gain +350% and hit a new ATH in the next few months? Absolutely!
Happy trading and protect your capital!

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New ATH For AVAX: Can Avalanche Gain 350% During This Bullrun?


  • Weekly MA100 and MA200 meet

  • 1D MAs and price chart are in uptrend

  • Strong buyer interest accumulated yesterday’s sell off

  • AVAX outperforming other major L1s

  • Next target is $55

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Petar TatarskiPetar Tatarski

Petar entered the crypto world in 2021. His main interest in crypto is charting and trading which he has studied for 3 years. What drew him in was his love for math, logic and seeing price move on the charts….
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