AVAX continues its winning streak, drawing traders' attention. Amidst crypto market volatility, Avalanche shows strong bullish momentum. Eyes on the $50 psychological threshold, is now the time to enter before a potential price surge ?
A clear breakout above $30 could propel AVAX toward a much more significant movement, especially if it also manages to break through the next resistance at $33. This could trigger a strong rally, with a realistic projection between $50 and $60 in the coming weeks.
This bullish outlook is supported by several key factors. The Avalanche Foundation recently announced plans to raise $1 billion from institutional investors, demonstrating massive interest from major players. Additionally, Bitwise has filed an application for an ETF based on Avalanche, joining Grayscale and VanEck. This growing list of ETF filings reflects increasing institutional demand, which could give significant momentum to AVAX.
However, the bullish outlook depends on AVAX maintaining its position above $30. If it falls below this threshold, the next critical support is at $28.40, with the potential for further declines if selling pressure intensifies. Such a move could affect short-term sentiment, particularly in an uncertain macroeconomic environment or during low trading volumes.
Technically, AVAX is currently oscillating between $28 and $31. If AVAX manages to establish itself above $30, the AVAX price prediction would become bullish, with $50 as the next realistic target. Overall, the $30 threshold is a key test for this token. Breaking through it could pave the way to reaching the $50 level, especially as fundamentals and market interest align favorably.
AVAX continues to surprise with solid growth, and the $50 mark now seems within reach. In a context where Avalanche is strengthening its adoption and partnerships, not positioning yourself now could mean missing one of the major rallies of this season. Here’s how to buy AVAX on Zoomex before its next takeoff :
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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