Crypto:
29757
Bitcoin:
$67.199
% 0.17
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.199
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Can AVAX Continue Its Rise?

AVAX

AVAX continues its uptrend, we will analyze past price movements through charts and technical indicators. We will determine support and resistance levels and guide investors in buying and selling decisions.

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While there is uncertainty and question marks in the crypto market in recent days, it is observed that Avax is positively distinguished from this negative atmosphere. However, it is difficult to predict exactly how long this positive situation of Avax will last. At this point, we are making analyses considering that the price can be shaped according to several scenarios.

Firstly, it is considered a scenario where sharp increases can be seen in major altcoins at a time when Bitcoin has completed its first peak and the probability of correction is high.

Another scenario includes the situation where Bitcoin has gathered strength by staying above $40,000 and plans to carry its price to the range of $45,000 to $48,000 with sharp increases after this sideways course. It is thought that major altcoins can also be positively affected from this sideways process.

The future price movement of Avax will be shaped depending on these general market scenarios. However, considering the general volatility and uncertainty of the crypto market, it is important to remember that these analyses are only predictive.

Latest Status of AVAX

AVAX

 

Our readers who closely follow the AVAX chart, in our previous blog posts we had set a target of $21-$23. This region might have remained resistant for a while, but then it continued its rise up to the level of $40. Current situation, if Avax continues to find support above $39 and completes its weekly closing above this area, an increase up to $55 or even $70 levels can be observed in Avax.

However, the expected Bitcoin correction in the coming days mentioned in the first scenario above creates concern. Even if Avax has made a weekly closing above $39, if the Bitcoin correction continues, it is important to mention that Avax has the potential to pull back down to the levels of $29.

Another scenario is the situation where Bitcoin gathers strength above $40,000 and then experiences a new rise. In this case, levels of $55 to $70 can be expected as targets.

An important factor that should be considered in these analyses is the general volatility and uncertainty of the crypto market. It is important for investors to closely follow market developments and to be prepared for possible scenarios.


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