Avalanche (AVAX) is eyeing a new all-time high with $152 in view after a prolonged price decrease driven by low investor confidence.
CoinCodex has offered a welcome prediction for investors as it anticipates AVAX reaching over $160 by May 5, 2024.
Avalanche (AVAX) is getting ready to flip its recent bearish path and get on a bullish path with an all-time high in sight. The 12th-ranked altcoin has taken a huge hit in recent weeks, with some investors taking advantage of the discount prices to accumulate tokens.

Since April 2023, AVAX has recorded a 175.7% return with the altcoin outperforming a majority of its rivals. Interestingly, the market rally saw the altcoin momentarily reach the top ten ranked cryptocurrencies.
A 14-day chart shows that AVAX is down by nearly 10% but has maintained a nearly 14% return on the month. At the time of writing, the altcoin is down by 5.2% and is trading at $47.52. The recent price changes coincide with a decline in liquid staking on the network. Stak

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