The Potential Rise of Avalanche Following the EMA Crossover and Its Future Price

Avalanche (AVAX) is a layer one blockchain that acts as one of Ethereum’s rivals. It aims to unseat Ethereum by offering a higher transaction output of up to 6,500 transactions per second. Because of it, more and more users and investors are learning about the big potential of Avalanche.

The Ema Crossover Shows a Potential Upsurge of Avalanche

As mentioned, Avalanche coin is popular in the crypto market and captures the attention of many investors and users. This cryptocurrency has been a main topic recently, as it’s been experiencing significant fluctuations in its price.

This crypto coin has been on the rise since the 10^th of October, with its value hitting a peak of $24.15. Since that, it has downgraded a bit and it now features a value of around $20.

A crucial development for Avalanche has been the creation of a support base around the $17 mark. This suggests that there could be an upcoming bullish breakout.

There is a crypto analyst called Altcoin Sherpa who shared a post on X (formerly known as Twitter) about this cryptocurrency. With it, this analyst provides the current technical analysis on AVAX. The analyst points out the support base around $17 as well as the lowering tempo of the trades.

With the analysis, we can notice how critical the support level truly is. This is so because it marks the first bullish Exponential Moving Average (EMA) crossover for AVAX since early 2022. Investors and market analysts renewed their optimism following this technical signal.

They are now anticipating gains for Avalanche in the coming days and weeks. The $17 barrier is now looked at as a firm foundation that can potentially find a way for an upward trajectory in AVAX’s value.

The Future Value of Avanlache

As mentioned, the current value of Avalanche goes around $20, outperforming the current predictions for 2023. According to the analytics software, AVAX’s maximum value for this year should be $16.26.

The same software predicts that the price will increase in 2024, with the peak being as high as $24.45. Its prediction for the average value is set at $21.05. In 2025, Avalanche will feature an average value of $30.89, with the maximum price going up to $34.85.

This computer software indicates that the positive trend will continue even in the future. It predicts that the value of AVAX will reach an average of $44.44 in 2026. The biggest potential price that it can feature in this year is $52.65.

Avalanche will get over $100 either in 2028 or 2029. The software predicts that the peak of AVAX in 2028 could reach $113.74. However, the price of this cryptocurrency will get to an average of $127.42 in 2029. Lastly, the value will reach an average of $390.59 in 2032.

It is worth noting that these estimated prices are just software predictions. They can be accurate for a short period, but hardly in the long term. This is due to the high volatility of the crypto market.