Avalanche Mid-April Price Prediction: Can AVAX Hit $50?

Vignesh Karunanidhi
Source: Binance Academy

Avalanche (AVAX) has seen a significant rise in investor activity. AVAX hasn’t shown much movement in the last 24 hours. However, AVAX has spiked by 2.6% in the last seven days and is down by 14.2% in the last 30 days. Moreover, AVAX’s price has risen by 156% since last year.

According to CoinGecko data, AVAX is hovering around the $46.3 level. The coin hasn’t shown much movement in the last 24 hours.

How high can Avalanche go by mid-April?

According to Changelly, AVAX could surge to a maximum of $50 this week. Moreover, Changelly anticipates AVAX to continue rallying for the next few weeks, hitting a minimum of $55 this week. The platform anticipates AVAX to reclaim the $50 level.

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CoinCodex also paints a bullish picture for Avalanche (AVAX) for the next few weeks. The platform anticipates AVAX to hit $51 by mid-April and $92 by the end of April. However, AVAX is down by 68% from its all time high of $144 on November 21, 2021.

If Bitcoin (BTC) continues its bullish outlook, other altcoins may do the same. However, if the price of BTC plunges, AVAX is unlikely to attain that level. Prominent analyst Rekt Capital has shared an analysis of AVAX recently in a tweet. According to his analysis, Avalanche retest is in progress. Rekt shared that AVAX is dropping below last week’s wick support, which indicates that the volatile retest isn’t over yet.

Also read: Ethereum (ETH) Forecasted To Surge 150% to $7428: Here’s How

The analysis also highlights that AVAX needs to close above $46.41 for a successful retest. However, the predictions reveal that AVAX is likely to hit $50 this week. Nevertheless, the market can be quite unpredictable and could go either way, depending on its nature. As of now, AVAX stands strong above the $50 level.