Avalanche (AVAX) is currently trading at $24.46, which reflects a slight fall of 1.63% over the past 24 hours. Volume has also witnessed an abrupt fall of 30.87%, touching $515.62 million. AVAX has remained on the defensive over the past week, marking a dip of 1.75% and closing at $24.47.
Despite the decline, the commentators note that AVAX has held up on the $23 support level. The level has been attempted more than once, which has reinstated strong buyer interest. The market watchers see that as a positive sign, regardless of the softer volume and sluggish movement.
Long-term fundamentals remain solid for AVAX
Crypto analyst CryptoPulse observed that the $23 level is functioning as a safety net for the coin. He further detailed that the zone of prices around here remains an attractive buy zone for long-term investors, thus becoming a very important entry zone. From his perspective, the fundamentals remain strong, and AVAX is one of the robust projects to buy during market dips.
He also pointed out that if AVAX maintains above that level, the momentum may translate into the $30 region. A clean breakdown above that resistance may draw a new buying interest by investors and traders. The next phase, he noted, may boost AVAX into a higher range once the confidence is restored.
AVAX price forecasts for 2025
AVAX 2025 predictions remain varied, showing both bullish and conservative outlooks. DigitalCoinPrice envisions a sudden jump, with the coin possibly reaching above $53.83 by the year-end. Optimistic estimates also envision AVAX possibly reaching its historical all-time high of $146.22, though such altitudes may require massive catalysts.
Changelly offers a more conservative outlook. Their analysis shows AVAX might be anywhere between $22.54 and $24.44 by the year 2025, at an average of around $26.34. Their September 2025 outlook shows a high of $25.62 and a low of $24.42. Prospective profits vary between a slight decrease of -1.2% and a slight gain of 3.6%.
