AVAX Price Jumps 11%, Can It Hit $30 Next?

Avalanche’s autochthonal token, AVAX, is picking up steam successful the crypto market, rising much than 11% connected Monday.

Its terms is presently trading supra $21, which is simply a beardown rebound. This uptrend follows a rally of astir 19% successful the erstwhile week, which indicates expanding capitalist optimism successful AVAX. Despite the caller rally, AVAX remains down 85% from its all-time precocious of $146.22 successful November 2021.

AVAX Price Chart, Source: CoinMarketCap

AVAX’s breakout implicit its downtrend line, a important absorption level since December 2021, is 1 of the superior causes of this terms increase.

The cryptocurrency earlier tried to interruption supra this absorption successful November 2024 but dropped backmost beneath it successful February 2025. However, this clip around, bulls person managed to thrust the terms supra the section declining trendline, which confirms the bullish outlook.

AVAX-USDT regular chart, Source: TradingView

Technical indicators besides corroborate the rising trend. The Relative Strength Index (RSI) is astatine 53 and rising, showing rising buying pressure. The Moving Average Convergence Divergence (MACD) indicator besides precocious showed a bullish crossover, which points toward beardown momentum for further gains successful price.

Another affirmative indicator is AVAX’s expanding long-to-short ratio, which is present astatine 1.18—the highest constituent successful much than a month, arsenic per Coinglass. The higher the ratio, the much traders expect increases alternatively than decreases successful price.

Coinglass statistic besides show a alteration successful backing rates, from antagonistic to positive, astatine -0.0065% connected Friday to 0.0051% connected Monday. The accusation is that long-positioned traders wage the short-positioned traders, contributing to the wide affirmative sentiment.

If AVAX keeps this up and closes supra the important absorption level of $20.99, it whitethorn propulsion to $24.99, which is simply a imaginable 17% increase. A breakout supra this mightiness beryllium the opening of a 20% unreserved to the large intelligence level of $30.

The latest terms enactment indicates that bulls are taking control, adjacent if AVAX inactive faces terms absorption astatine $21.80 and a semipermanent decreasing trendline successful 2021. In the upcoming months, AVAX’s terms whitethorn surpass $55 and $65 if the existent inclination holds. 

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