What did analysts say about Avalanche (AVAX), which stepped on gas above resistance levels?
Avalanche (AVAX)has crossed a key resistance level and has gained more than 20% in the last 24 hours. This sharp rise has revived expectations of a rally among analysts and investors. Now the eyes AVAXThis translates to whether it will test $50 in the coming days. Breaking this level could spark a new bull run in equity.
The $50 level will be decisive for AVAX.
Crypto analyst Kalio noted that a major rally could begin if AVAX breaks above $50. Kallio said that this psychological and technical level must be broken into volume in order to rise. This breakout could take the price to the $50 band.
Avalanche’s recent performance is consistent with the crypto market entering a bull cycle. If AVAX can hold above current levels, it has the potential to continue its upward trend. However, the possibility that it may face selling pressure in the $50 band should not be ignored.
Is a big rally coming for Avalanche?
Avalanche appears to be on the verge of a major rally, a similar pattern to the last bull cycle. The price has strongly crossed the resistance level and is now only 15% away from the $50 level. This level is attracting the attention of both traders and analysts, and a break above this level could be the start of an aggressive rally.
Kaleo noted a similar bullish pattern in its analysis of the AVAX/BTC parity. The analyst predicts that AVAX could quickly reach $100 if the momentum continues.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
