Price Analysis

AVAX Price Targets $50 As Avalanche Outperform Crypto Markets

Explore how AVAX price has outperformed crypto markets and is targeting the $50 psychological level. Will Avalanche bulls succeed?
Published by
AVAX Price Targets $50 As Avalanche Outperform Crypto Markets

Highlights

  • AVAX price performance suggests the next target is $50.
  • The spike in volume coupled with Money Flow Index's uptick supports this bullish outlook.
  • A breakdown of the $42.80 will invalidate the bullish thesis and put bears in control.

Avalanche (AVAX) price has gone against the tide this week, staying on the upward trajectory as the rest of the market slumped. The resilience is attributed to the recent Avalanche9000 testnet, the largest upgrade since the mainnet launch. With gains of 25%in the last week, a move to $50 in the near term doesn’t seem overly ambitious.

Advertisement

AVAX Price Eyes $50 After Avalanche9000 Testnet Upgrade

The recent strength displayed by AVAX price could be attributed to the recent upgrade to the testnet. The Avalanche development team conducted an upgrade on the Avalanche testnet blockchain on Monday, increasing scalability, improving security, transaction speeds, and lowering transaction costs. Notable improvements include updated SDKs and enhanced APIs, which will make it easier for developers to create and deploy dApps. 

These factors are likely to attract more developers to the platform and enhance its competitiveness in dApp deployment as well as DeFi and NFT sectors. Also, the Avalanche Foundation says the upgrade enables users to create customized blockchains and hopes to bring Avalanche9000 to the mainnet by yearend. 

These improvements will help spur up the utility and value of AVAX, supported by other growth drivers like increased social media engagement and and stable trading volume.

Advertisement

An Uptick In Telegram User Numbers Favours AVAX Price

According to data aggregation site, IntoTheBlock, AVAX has seen the number of its Telegram members rise by 0.7% in the last seven days to 37,725. This is significant because the crypto market has been heading downward in recent days, with social media sentiment becoming less upbeat. Therefore, a contrarian trajectory augurs well for AVAX price. 

Advertisement

AVAX Price Analysis: Short-term action toward $45 and pathway to $50

AVAX price has been trending higher while its trading volume slumps, but considering Bitcoin’s recovery, the altcoin could continue climbing higher. This bullish Avalanche price prediction is supported by the uptick in the Money Flow Index (MFI), which reads 59. Positive money flow signals increased demand for an asset. The upward momentum will likely meet initial resistance at $44.05, but extended bullish control could breach that barrier and propel Avalanche price toward $50.

AVAX/USDT 1-day chart

Conversely, the trading volume has shown signs of exhaustion, signaling a potential upward momentum weakening. Moving below $42.80 could favor the bears to take control.  In that case, initial support will likely be at the previous accumulation level of around $41.45. 

A break below that mark will strengthen the downside momentum and invalidate the upside thesis. If that happens, the resulting momentum could move the next target to $40.00, a psychological support just above the double-bottom pattern.

Advertisement

Frequently Asked Questions

What is driving the recent strength in Avalanche (AVAX) price?

The recent upgrade to the Avalanche testnet, known as Avalanche9000, is attributed to the resilience of AVAX price, which has gained 25% in the last week.

What improvements does the Avalanche9000 testnet upgrade bring?

The upgrade increases scalability, improves security, enhances transaction speeds, and lowers transaction costs, making it easier for developers to create and deploy dApps.

What is the short-term price target for AVAX?

According to the analysis, AVAX price is expected to meet initial resistance at $44.05, but extended bullish control could breach that barrier and test $45.60, with a potential move to $50 in the near term.
Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025
  • Price Analysis

PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?

The PUMP price has regained market attention following renewed whale activity and a confirmed breakout…

October 24, 2025
  • Price Analysis

Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide

Dogecoin price has crashed in the past few weeks as it moved into a bear…

October 23, 2025
  • Price Analysis

Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?

The Solana price has regained stability above $180 after several volatile weeks. SOL price continues…

October 23, 2025