Avalanche (AVAX), which came out with a bull run by major coins, accelerated the bull run by surpassing $50.
DOGE, XRPThe name that took action after the breathless rise of big coins like ADA and SOL. AVAX Having broken past $50, AVAX looks set to meet expectations in a potential altcoin rally. What are the levels to watch for the popular altcoin, which recorded a 132% gain in just one month?
The $50 band will be decisive for AVAX.
AVAX, which went above $50 for the first time since May 2024, continues to give positive signals. Major coins are rising one by one, now it’s AVAX’s turn. A break above $50, which is an important psychological and technical level, could signal that the rally will continue.
AVAX, which traded at $50.79 as of press time, could move toward $59.25 and $65.32 if it breaks above $55.28. Finally, with a break of the $65 level in March, the $100 level can be followed as a primary target.
The levels that can be followed as support are 41.87 – 35.08 – 32 – 30.05 – 24.80 – 21.84 and the $20 band respectively. The $41.87 level will be important for short/medium term investors. A weekly close above this level could further accelerate the upside. However, in an opposite scenario, selling pressure could increase and push the price towards the $30 band. Also, news from the Avalanche ecosystem could play a role in price.
KALEO, known as an AVAX maximalist, said in a post on X (formerly Twitter) that the price will exceed $100 this month. KALEO, which has about 670,000 followers, cheered Avalanche investors with that opinion.
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.
