Avalanche (AVAX), which managed to exceed $ 25 for the first time since August 2022, created great excitement in its ecosystem and investors.
AVAX, one of the popular names of major coins, has made its ecosystem and investors happy with its recent price movements. The popular coin, which exploded upward after BTC broke $ 40,000, managed to pin a needle to $ 26.93. Can AVAX, which exceeded $ 25 for the first time since August 2022, reach $ 30 with the momentum it has gained?
Can the rise in AVAX, which has increased by 37 percent in just two weeks, continue? Which price zones should be considered?
He kept waiting for months: Finally he took action!
With the reaction it received from $ 21.06, the upward explosion AVAX shot a needle to $ 26.93 in a very short time, reaching its peak since August 2022. The fact that the $ 26.90 band played a critical resistance in the past period naturally created selling pressure. The major coin, which is currently traded at $ 25.85, can move towards $ 27.81 – 29.15 – 29.97 and $ 31.01, respectively, if it sits above $ 26.93.
Situations such as BTC Domination continuing its rise, a downward movement in the BTC price or AVAX not being able to settle above $ 26.93 will naturally bring selling pressure. In such a scenario, withdrawals may occur up to 25.30 – 24.82 – 24.04 – 23.25 – 22.74 and 22.31 dollars respectively. With the break of $ 22.31, needles may come to the $ 21.06 band.
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