The price of AVAX has exceeded 20 dollars, is the next target 30 dollars?

Investors should pay attention to Avalanche (AVAX) right now as its price has been continuously rising over the past week. After breaking through the important support level of 18 dollars for several years, the current price has reached a new high of 22.7 dollars. This support level has helped the price increase after rejecting further sell-offs.

AVAX Price Movement

The price of AVAX plummets to $18.71 in March 2025 after a sharp decline from the peak of $150 in 2022, but still avoids the crucial support area. The descending triangle pattern on the chart shows resistance sloping from $150 to $90 while support holds at $18, indicating a long-term consolidation in the market.

The descending triangle pattern indicates a continuous downtrend; however, the $18 level still serves as support, suggesting potential bullishness in the future.

Source: TradingviewThe price maintaining above $18 may have created a bullish reversal, directing AVAX towards resistance levels at $30, $50, and higher.

The risk of further price declines will be higher if prices slide below $18, as breakdowns from descending triangle patterns often lead to massive losses.

Currently, the price of AVAX is trading at $22.6, a significant signal indicating the ability to maintain above $18. However, if this level is broken, it could exacerbate the downward momentum that has occurred in the first quarter of 2025.

Break-even price of AVAX

The breakeven price of AVAX is currently $19, so holders have less profit as shown by the three green circles. Meanwhile, the five red circles indicate that many holders are not profitable because they accumulated at a price higher than this.

AVAX's profit is at breakeven price | Source: IntoTheBlockThe price of AVAX is moving forward from the initial level of 18.71 dollars, surpassing 20 dollars and heading towards 30 dollars.

If the approval of the Avalanche ETF could increase the price of AVAX, institutional investors would enter the market similar to Bitcoin ETFs, thereby contributing to its long-term outlook.

The liquidity of hot wallets and cold wallets combined with regulatory approval will create a stable market price in the long term.

However, the profit-taking activities of holders who are at a loss will limit the potential price increase to 25 dollars if the price does not continue to rise.

The impact of BlackRock****BUIDL AUM and WLFi's buying activities on Avalanche

Although these factors do not directly affect the price, organizations continue to invest in Avalanche in March 2025 with some positive news from WorldLibertyFi (WLFi) and BlackRock.

BlackRock's BUIDL fund on Avalanche has surpassed 50 million dollars in assets under management (AUM).

The net deposit amount into BUIDL started at 10 million dollars on November 4, 2024, increased to over 30 million dollars, and reached 57 million dollars by early December, before dropping back to around 50 million dollars at the time of writing.

This is a milestone that shows organizations are increasingly trusting the network, which could help drive the price of AVAX up to around 30 dollars.

BlackRock BUIDL AUM on Avalanche | Source: Token TerminalBlackRock's actions have signaled to other organizations that AVAX is a suitable platform for tokenized assets and could stimulate stronger adoption as well as price growth.

Meanwhile, Trump’s WorldLibertyFi (WLFi) has also accumulated on Avalanche's C-Chain, connecting millions of users participating in VanEck's ETF fund.

This could be a strategic move, indicating that WLFi is leveraging the boom of the Avalanche blockchain, contributing to the further robust development of AVAX.

Organizations buying in with the combined strength of BlackRock and WLFi will push the price of AVAX up to the high of 50 dollars if the momentum is maintained and profit-taking activities cannot defeat the bullish trend.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Dinh Dinh

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