news 
Avalanche (AVAX) is sending bullish signals as it flashes major technical indicators, and we will be discussing the potential upper targets for the AVAX price rally in 2025. The crypto market is currently witnessing a period of consolidation, and Avalanche’s price action has been closely mirroring that of Bitcoin.
In this context, we have to consider that there are some uncertainties regarding the upcoming events like the FTX collapse and the possibility of a further correction within the larger bearish trend. Therefore, it’s essential to monitor the market sentiment before making any investment decisions.
Looking at the daily chart for AVAX, we can see that Avalanche is trading near $30.50 levels. With the recent surge in the cryptocurrency markets, there are high chances that this price action may not be just a random event but rather an early indication of a major change.
As per various technical indicators like the Relative Strength Index (RSI), RSI has shown signs of bullish divergence as well as a strong upward trend line. The 200 Simple Moving Average (SMA) is also indicating support around this level, making it a crucial area for bulls and bears alike.
If we look at the MACD (Moving Average Convergence Divergence) indicator, it’s easy to see that there have been no bearish divergences in recent times. This means that even if a pullback is possible, the trend could remain bullish on the higher side of $32.50.
Looking at the potential upper targets for AVAX price rally 2025, we can’t ignore the fact that Avalanche’s 100 SMA has been supporting this level several times in the past. Therefore, it would not be surprising if we see some consolidation around these levels, potentially testing them again.
If we take a look at the Fibonacci retracement levels, it seems clear that we are likely to see a push towards $37.50 and then $45.50 as the upper targets for this price rally. However, I must emphasize that we should not forget about the possibility of any further correction within the larger bearish trend.
In my opinion, it is essential for investors to remain cautious in such situations where market sentiments are uncertain. We also have to be prepared for some potential short-term pullbacks if the indicators are indicating a significant change in momentum.
We will closely monitor these events and provide updates as they become available.
Source: coinpedia.org
