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Avalanche (AVAX) Price Forecast: Will May Bring a Correction or a Consolidation?

Jonathan Carls by Jonathan Carls
May 10, 2025
in Market, News, Price Analysis
Reading Time: 3 mins read
Avalanche (AVAX) Price Forecast Will May Bring a Correction or a Consolidation
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  • AVAX faces critical $25–$26 resistance despite a strong 14% rebound this past week.
  • RSI near overbought signals potential slowdown, with May correction likely ahead.
  • Support at $19.50–$20 remains vital if May brings a retest of early 2025 lows.

Avalanche (AVAX), a leading blockchain platform in the DeFi and smart contract space, has experienced a noticeable recovery over recent weeks. After months of downward pressure, AVAX has rebounded with an impressive gain of over 14% in the past seven days. 

At the time of writing, the token is trading around $24.03, backed by strong market activity and a daily trading volume exceeding $657 million. Despite the positive short-term momentum, signs are emerging that May may not carry the same bullish tone. Analysts expect a potential correction as technical indicators signal caution.

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Technical Setup Signals Short-Term Exhaustion

AVAX’s recent price action reveals a promising recovery from its early 2025 lows, where it touched nearly $17.00. Since then, the asset has climbed steadily, crossing key support levels and breaking minor resistance at around $23.00. However, the rally faces its next challenge near the $25.00–$26.00 resistance range, which has historically proven difficult to surpass.

AVAX/USD daily price chart, Source: TradingView

The MACD indicator shows a bullish crossover, reflecting growing buyer interest. However, the Relative Strength Index (RSI) stands at 65.91 close to the overbought threshold. This suggests momentum could slow down in the near term. Consequently, traders should monitor price action closely as the token approaches overbought conditions.

Key Support and Resistance Zones to Watch

Support remains strong between $19.50 and $20.00, an area where price has repeatedly bounced in previous sessions. If selling pressure builds in May, this zone may once again serve as a key defense. A further dip could take AVAX down to retest the $17.00 region, marking the bottom from earlier this year.

On the upside, bulls will need to overcome the $25.00 resistance before targeting the psychological barrier at $30.00. Any break above that level would need strong volume and broader market support to sustain further gains.

May Forecast: Possible Correction on the Horizon

Despite April’s bullish sentiment, May could bring a shift in direction. Coincodex forecast models suggest AVAX may average around $19.60 this month. The expected trading range stretches between $17.02 on the low end and $23.69 on the high end. This forecast aligns with the current technical outlook, which hints at weakening upward momentum.

Tags: Avalanche (AVAX) NewsPrice Analysis

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