AVAX Price Rallies Past $20, Next Target $30?

cryptonews.net 26/03/2025 - 18:13 PM

Crypto Investors Eye Avalanche (AVAX) Price

Crypto investors need to pay attention to Avalanche (AVAX) price because it has shown consistent progress over a week’s time.

Having crossed its essential $18 multiyear support point, it now sees a new high at $22. This was evident as the support led to a price hike after rejecting further sell-off.

Avalanche (AVAX) Price Action

Avalanche price reached $18.71 in March 2025 after a significant price decline from 2022’s $150 yearly peak, yet it managed to evade its essential support area.

The descending triangle pattern displayed resistance sloping between $150 and $90, with support flat at $18, indicating long-term market consolidation. This formation pointed toward continued bearish activity, yet $18 maintained its role as support, suggesting potential price increases.

A sustained price level above $18 is creating a bullish turn that might direct AVAX toward resistance levels at $30, $50, and beyond. Conversely, if the price sinks below $18, a bearish continuation is likely, leading to significant market losses.

As of now, AVAX was trading at $22.70, a vital sign suggesting that surpassing the critical $18 level will likely hold. However, breaking this price might worsen the price decline experienced in Q1 2025.

AVAX Break-Even Price for Holders

The break-even value of AVAX is $19, showing less profitable holdings, illustrated by three green circles. In contrast, five red circles indicated that more holders are unprofitable, having accumulated above this price level.

AVAX price has been moving forward from an initial price of $18.71, surpassing $20 and heading toward the $30 level. Approval of an Avalanche ETF could boost AVAX prices by attracting institutional investors, similar to Bitcoin ETFs, contributing to its long-term outlook.

Hot and cold wallet liquidity, combined with regulatory approvals, would establish a steady market price in the long run. However, profit-taking from underwater holders could limit potential price increase to $25 if AVAX does not advance.

Impact of BlackRock’s BUIDL AUM and WLFi Buy on Avalanche

Despite not having a direct influence on price, institutional investment in Avalanche has been active in March 2025, with positive news coming from WorldLibertyFi (WLFi) and BlackRock.

BlackRock’s BUIDL fund on Avalanche surpassed $50 Million in Assets Under Management (AUM). Net BUIDL deposits began at $10M on November 4, 2024, rose above $30M, and climbed to $57M in early December, before settling around $50M now. This milestone indicates growing institutional confidence in the AVAX network, potentially boosting its valuation appreciation to about $30.

BlackRock’s actions may signal to other institutions that AVAX is a suitable platform for tokenized assets, leading to greater uptake and price growth. Concurrently, Trump’s WorldLibertyFi (WLFi) has been acquiring on Avalanche’s C-Chain, unifying millions of users to utilize VanEck’s ETF offering. This could point towards WLFi capitalizing on Avalanche’s blockchain potential and propelling AVAX into greater vigor.

Institutional buy-in from BlackRock and WLFi may push AVAX price to a peak of $50 if momentum continues, with profit-taking on the uptick.




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