Unveiling the Potential: Why Avalanche (AVAX) Could Reach $30 Soon

Upward Momentum for AVAX

After months of consolidation, Avalanche (AVAX) is gaining momentum as the token approaches a breakthrough following a bounce on the triangle support. Indeed, AVAX has shown an increase of more than 12% over the past day.

Technical indicators remain positive, with the stochastic RSI rising from oversold levels and the bounce occurring in a strong demand zone, signs that buyers are progressively regaining control.

Additionally, the trendline liquidation offers a breakout for AVAX, with a potential target of around $30, according to the 12H FBB.

A Key Support to Hold

Despite this favorable momentum, on-chain data reveals that sellers remain active. Trading volumes and futures activity show consistent selling pressure, explaining the resistance to AVAX’s price rise.

If AVAX closes below the trendline under the support at $25, it will likely seek the next liquidity zone at approximately $18 in the coming weeks.

AVAX’s current situation is delicate, as liquidity could be a decisive factor. CryptoQuant’s liquidation maps signal liquidity clusters above the market that may influence price flows. A rapid price increase could be triggered if AVAX moves toward this zone.

While AVAX stands at a crossroads, the technical context favors the bulls. However, caution remains necessary due to seller resistance. If momentum and liquidity converge, a breakthrough could materialize. Otherwise, consolidation might extend, but the market bias remains favorable to the bulls.

How to Buy Avalanche (AVAX) on Bybit?

If AVAX manages to stay above $25 and Bitcoin holds above $113,000, it will likely reach $30 or higher. This would offer substantial gains for investors.

Here’s how to buy the token on Bybit right now:

1. Sign up on Bybit: Create an account on Bybit’s official website using an email address or phone number. Complete the KYC verification to unlock all features.
2. Deposit funds: Access the “Deposit” section and transfer cryptocurrencies like BTC, ETH, or USDT, or use a bank card for direct purchase.
3. Find the trading pair: In the “Trading” tab, search for the AVAX/USDT pair. Bybit offers both spot and derivatives options to diversify your strategies.
4. Place a buy order: Opt for a market order for immediate execution or a limit order to set a specific price. Indicate the quantity of AVAX you want to purchase.

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