Avalanche (AVAX), which had a booming season, rose above $40 after a very long time.
AVAX, which has had almost entirely positive weekly closings since October, ended a 19-month drought. Finally, the major coin, which was priced above $40 at the beginning of May 2021, lit the fuse with the support BTC received from $40,000. AVAX, which made a direct move from $35 to the $42 band, was included in the “Top Risers” list in fourth place.
So, can the rise on the AVAX side continue? Which levels are critical to monitor?
A ride towards $60 could be coming!
AVAX, which has been experiencing a volume increase in recent days with eager buyers, is exceeding critical resistances one by one. The popular coin, which continued its momentum after last breaking $ 30, rose above $ 40. Currently trading at $41.14, AVAX may see a move to $44.02 – 47.31 – 51.13 – 55.12 and $59.29, respectively, with the rise of BTC, the decline of BTC dominance or a positive news from the Avalanche ecosystem. can.
If BTC dominance moves upwards, BTC loosens back to around $40,000, or the Avalanche ecosystem fails to capture enough enthusiasm, the sellers’ hand will be strengthened. In such a scenario, there may be a retreat first to $37.77 and then to $34.64 and $31.52. In addition, we can observe momentary declines to the monthly opening price with the loss of $31.52.
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