Avalanche has turned green amid a larger crypto market rebound. According to CoinGecko’s AVAX data, the asset’s price has rallied by 3.2% in the last 24 hours, 3.2% in the last week, nearly 14% in the 14-day charts, and almost 3% in the previous month. However, AVAX has seen a 48.6% dip since March 2025. In this price prediction article, let’s discuss if Avalanche (AVAX) can continue its rally and hit $12 next, or will it face another correction.
Avalanche Price Prediction: Is $12 In The Cards For AVAX?
Avalanche (AVAX) last traded at the $12 price level in late January of this year. In fact, the asset has been on a downward trajectory since September 2025, when it hit $35. The October 2025 market crash presented substantial challenges to the asset as investors moved away from risky assets.
While Avalanche’s (AVAX) latest price rebound is commendable, the rally may not have enough momentum to sustain itself. The crypto market is still vulnerable to high volatility as global geopolitical tensions continue to escalate.
According to CoinCodex analysts, Avalanche (AVAX) will enter a sideways trajectory over the coming months. The platform anticipates the asset to trade at $9.55 on June 8, 2026. Hitting $9.55 from current price levels will entail a rally of about 1.70%.
However, there is a possibility that the crypto market could benefit from the ongoing US-Iran war. According to macroeconomic analyst Mark Connors, war spending could expand deficits and weaken the dollar. Such a development could lead to investors parking their funds in alternative assets, such as cryptocurrencies.
Also Read: Analyst Believes Iran War Could Help Bitcoin: Why?
Moreover, there is also a chance that the Federal Reserve will reduce rates in an attempt to prioritize economic stability. A dip in interest rates could also aid Avalanche’s (AVAX) price.