Avalanche (AVAX) crypto price targets $30 after rebounding 35%

The Avalanche crypto ecosystem is buzzing with excitement as the AVAX price surges toward new heights.

After hitting a low of $15.27 on March 11, 2025, the Avalanche cryptocurrency price has rebounded impressively, climbing over 35% in just two weeks.

This sharp recovery has reignited interest in the Avalanche token, with analysts now eyeing a potential target of $30 if what began as a short-term rally evolves into a broader bullish trend reversal.

The rollercoaster ride since April 2024

The Avalanche crypto price has been on a rollercoaster ride since April 2024, when Stripe integrated the Avalanche C-Chain into its wallet, sparking initial optimism before a steep decline that pushed the AVAX coin price to its March low.

Now, with the AVAX crypto price breaking out from a descending resistance trend line, the market is showing signs of renewed strength.

Technical analysis reveals that the AVAX price may have completed an A-B-C corrective structure, a pattern that often signals the end of a downtrend.

This has traders questioning whether the Avalanche cryptocurrency price is poised for a sustained upward move.

Technical indicators instill optimism for the Avalanche crypto

Delving into the charts, the Avalanche crypto price action paints a compelling picture.

On the weekly timeframe, AVAX crypto has held firm above the critical $20 horizontal support area, a level that has acted as both support and resistance since 2022.

While the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) remain bearish, hovering below their bullish thresholds of 50 and 0, the weekly and daily charts tell a different story.

Here, bullish divergences in both RSI and MACD have validated a breakout, pushing the Avalanche price toward the $22 resistance zone.

A decisive move above this level could accelerate the AVAX coin price toward $30, aligning with the 0.382 Fibonacci retracement level.

Avalanche crypto price chart by TradingView

The wave count further bolsters the case for the Avalanche token.

Analysts suggest that the AVAX crypto completed a five-wave downward movement within its corrective phase, bottoming out near $14.59, a level predicted earlier this month.

With wave C matching the length of wave A and aligning with a channel’s support trend line, the Avalanche cryptocurrency price appears to have found its footing.

If the AVAX price breaks above the channel’s midline, it could climb as high as $48, a target that would mark a significant milestone for the Avalanche crypto price in 2025.

Backed Finance boosts the Avalanche (AVAX) ecosystem

Beyond price action, the Avalanche crypto ecosystem is gaining momentum thanks to innovative developments.

Just days ago, on March 18, 2025, Backed Finance announced the launch of two tokenized assets—bCOIN (tokenized Coinbase Stock) and bCSPX (tokenized S&P 500)—on the Avalanche C-Chain network.

This move introduces real-world asset (RWA) tokenization to the platform, bridging traditional finance and decentralized finance (DeFi).

The Avalanche token stands to benefit as these tokens, collateralized 1:1 with their underlying assets, open up new opportunities for DeFi users to gain on-chain exposure to major financial instruments.

The bCOIN token tracks Coinbase, one of the largest crypto companies listed on the stock exchange since 2021, while bCSPX mirrors the S&P 500, the benchmark of the US stock market.

For the Avalanche crypto community, this is a game-changer. Users can now diversify their portfolios, provide liquidity on platforms like PharaohExchange, or leverage these tokens in lending protocols—all while potentially boosting the AVAX price through increased network activity.

Backed Finance’s integration with Chainlink CCIP also enables cross-chain swapping with networks like Base and Gnosis Chain, enhancing liquidity and arbitrage opportunities for the Avalanche cryptocurrency price.

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