{"id":563399,"date":"2023-12-01T23:00:44","date_gmt":"2023-12-01T23:00:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=563399"},"modified":"2024-06-11T14:42:43","modified_gmt":"2024-06-11T14:42:43","slug":"avax-crypto-price-to-30","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/avax-crypto-price-to-30\/","title":{"rendered":"AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30"},"content":{"rendered":"

The Avalanche (AVAX) price<\/a> has performed reasonably well this year, going from a low of around $9 to as high as $24 before correcting back downward. Since the correction, the altcoin<\/a> has been trading in a tight range around $20 and $21. However, this might not continue for much longer following one crypto analyst\u2019s prediction.<\/p>\n

An AVAX Bullish Wave Is Rising<\/h2>\n

Crypto analyst Babenski has unveiled<\/a> their bullish prediction for the AVAX price going forward. According to the analyst, the digital asset could be poised for an incredible run that could break multiple bearish resistances to bring its price to $30.<\/p>\n

Related Reading: 3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024<\/a><\/div>\n

Babenski\u2019s analysis hinges on the EMA100 (Exponential Moving Average) which they identify as providing dynamic support for the altcoin<\/a>. This began during the October rally where prices started rising and AVAX did not lose the EMA100 despite multiple corrections.<\/p>\n

\"AVAX<\/p>\n

Source: TradingView.com<\/a><\/pre>\n
Even on the 4-hour chart that the analyst presents, the altcoin\u2019s price<\/a> also touched down toward the EMA100. But once again, this dynamic support held as the price bounced off and continued on its merry way. This suggests a lot of support for the asset at this level.<\/p>\n
Additionally, the crypto analyst reveals that the AVAX price<\/a> has also broken out of a bullish pennant. This is shown in the chart as the price resumed its uptrend above $21. This breakout \u201cLooks bullish in short term,\u201d according to the analyst, and could send the price to $30.<\/p>\n
However, the bullish trend is not the only one that is spinning for the AVAX price. While bulls remain firmly in control, there is still the possibility of the altcoin<\/a> losing its dynamic support. If this happens and the price drops lower, then Babenski reveals that the next significant support is located just around the $17 price level.<\/p>\n
\"AVAX<\/p>\n
Token price reclaims $22 | Source: AVAXUSD on Tradingview.com<\/a><\/pre>\n
Avalanche Ordinals Take Center Stage<\/h2>\n
The Avalanche network<\/a> has also seen a surge in its network usage that could contribute to the price surge predicted for the AVAX price<\/a>. Following the Polygon network, Ordinals have also made their way to the Avalanche network and their adoption caused a spike in transaction numbers<\/p>\n
Related Reading: Top 2 Under The Radar Altcoins That Could Do A 70000% Run Like Kaspa (KAS)<\/a><\/div>\n
Last week, Ordinals minting accounted for around 96% of the total transaction numbers, and as the fees on the network increased, so did the demand for AVAX. Additionally, Avalanche has debuted its new explorer after cutting ties with Etherscan. The network has now moved to a new multichain explorer<\/a> for considerably cheaper than what they used to get with Etherscan.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Freepik, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Avalanche (AVAX) price has performed reasonably well this year, going from a low of around $9 to as high as $24 before correcting back downward. Since the correction, the altcoin has been trading in a tight range around $20 and $21. However, this might not continue for much longer following one crypto analyst\u2019s prediction. An AVAX Bullish Wave Is Rising Crypto analyst Babenski has unveiled their bullish prediction for the AVAX price going forward. According to the analyst, the digital asset could be poised for an incredible run that could break multiple bearish resistances to bring its price to $30. Related Reading: 3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024 Babenski\u2019s analysis hinges on the EMA100 (Exponential Moving Average) which they identify as providing dynamic support for the altcoin. This began during the October rally where prices started rising and AVAX did not lose the EMA100 despite multiple corrections. Source: TradingView.com Even on the 4-hour chart that the analyst presents, the altcoin\u2019s price also touched down toward the EMA100. But once again, this dynamic support held as the price bounced off and continued on its merry way. This suggests a lot of support for the asset at this level. Additionally, the crypto analyst reveals that the AVAX price has also broken out of a bullish pennant. This is shown in the chart as the price resumed its uptrend above $21. This breakout \u201cLooks bullish in short term,\u201d according to the analyst, and could send the price to $30. However, the bullish trend is not the only one that is spinning for the AVAX price. While bulls remain firmly in control, there is still the possibility of the altcoin losing its dynamic support. If this happens and the price drops lower, then Babenski reveals that the next significant support is located just around the $17 price level. Token price reclaims $22 | Source: AVAXUSD on Tradingview.com Avalanche Ordinals Take Center Stage The Avalanche network has also seen a surge in its network usage that could contribute to the price surge predicted for the AVAX price. Following the Polygon network, Ordinals have also made their way to the Avalanche network and their adoption caused a spike in transaction numbers Related Reading: Top 2 Under The Radar Altcoins That Could Do A 70000% Run Like Kaspa (KAS) Last week, Ordinals minting accounted for around 96% of the total transaction numbers, and as the fees on the network increased, so did the demand for AVAX. Additionally, Avalanche has debuted its new explorer after cutting ties with Etherscan. The network has now moved to a new multichain explorer for considerably cheaper than what they used to get with Etherscan. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Freepik, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":563513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,9885,83347,86413,90629,86511,6664,26263,14690],"class_list":["post-563399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-avalanche","tag-avax","tag-avax-price","tag-avax-price-prediction","tag-avaxusd","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30<\/title>\n<meta name=\"description\" content=\"The Avalanche (AVAX) price has performed reasonably well this year, going 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30","url":"http:\/\/uniquehot.com\/news\/avax-crypto-price-to-30\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/avax-crypto-price-to-30\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-8.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-8.png?fit=977%2C555"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","avalanche","avax","avax price","avax price prediction","avaxusd","crypto","crypto analyst","crypto news"],"dateCreated":"2023-12-01T23:00:44Z","datePublished":"2023-12-01T23:00:44Z","dateModified":"2024-06-11T14:42:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/avax-crypto-price-to-30\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/avax-crypto-price-to-30\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-8.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-8.png?fit=977%2C555\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"avalanche\",\"avax\",\"avax price\",\"avax price prediction\",\"avaxusd\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2023-12-01T23:00:44Z\",\"datePublished\":\"2023-12-01T23:00:44Z\",\"dateModified\":\"2024-06-11T14:42:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-8.png?fit=977%2C555","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/563399"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=563399"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/563399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/563513"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=563399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=563399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=563399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}