{"id":654536,"date":"2024-11-24T01:00:09","date_gmt":"2024-11-24T01:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654536"},"modified":"2024-11-23T10:25:59","modified_gmt":"2024-11-23T10:25:59","slug":"avalanche-soars-20-in-24-hours-analyst-reveals-next-price-target","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/avalanche\/avalanche-soars-20-in-24-hours-analyst-reveals-next-price-target\/","title":{"rendered":"Avalanche Soars 20% In 24 Hours \u2013 Analyst Reveals Next Price Target"},"content":{"rendered":"

Avalanche (AVAX) has made a significant move, breaking above a crucial resistance level and soaring over 20% in less than 24 hours. This surge has reignited bullish sentiment among analysts and investors, who are now closely monitoring AVAX\u2019s potential to reach the key $50 mark in the coming days. The breakout signals a shift in market dynamics, with rising demand and growing optimism fueling the price action.<\/span><\/p>\n

Related Reading: Massive Ethereum Buying Spree \u2013 Taker Buy Volume hits $1.683B In One Hour<\/a><\/div>\n

Prominent analyst and crypto investor Kaleo shared a detailed technical analysis on X, suggesting that once AVAX surpasses the $50 level, it could trigger a massive rally. He highlighted the importance of this psychological and technical level as a gateway to exponential price growth, potentially attracting more momentum-driven buyers.<\/span><\/p>\n

Avalanche\u2019s recent performance reflects the broader strength of the crypto market, as key altcoins experience renewed interest amid a bullish cycle. With market conditions aligning favorably, AVAX could continue its upward trajectory if it holds above its current levels. However, traders are also cautious and aware of potential profit-taking or resistance near the $50 threshold.<\/span><\/p>\n

Avalanche Prepares For A Rally\u00a0<\/span><\/h2>\n

Avalanche is on the verge of a massive rally, closely following a pattern reminiscent of its last bullish cycle. The price has surged above key supply levels with impressive strength and is now less than 15% away from the critical $50 mark. This level has captured the attention of both traders and analysts, as a breakout above it could signal the start of an aggressive bullish phase.<\/span><\/p>\n

Kaleo recently shared a technical analysis on X<\/a>, emphasizing the importance of the $50 level. According to Kaleo, breaking this psychological and technical barrier could trigger a powerful rally, potentially doubling AVAX’s value in a short period.\u00a0<\/span><\/p>\n

\"Avalanche
Avalanche pushing above crucial supply | Source: Kaleo on X<\/a><\/figcaption><\/figure>\n

He also highlighted the AVAXBTC chart<\/a>, which shows a similar breakout pattern, confirming the bullish sentiment surrounding Avalanche. Kaleo predicts that AVAX could reach $100 quickly if the momentum continues.<\/span><\/p>\n

\"AVAXBTC
AVAXBTC chart showing a breakout from resistance | Source: Kaleo on X<\/a><\/figcaption><\/figure>\n

Despite the optimism, the potential for a market-wide correction introduces a degree of caution. With Bitcoin showing signs of possible retracement to consolidate and gather momentum, AVAX may face temporary pullbacks.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin LTHs Start Taking Profits \u2013 Metrics Reveal Whales Are Actively Spending<\/a><\/div>\n

However, such corrections could present buying opportunities for those eyeing long-term gains. As Avalanche approaches this pivotal stage, investors are eager to see if it can break above the $50 level and deliver the explosive rally analysts have forecasted.<\/span><\/p>\n

AVAX Testing Fresh Supply Levels<\/span><\/h2>\n

Avalanche is trading at $43.6, marking its highest price level since April following a strong breakout above key resistance around $35. This impressive price action has reignited optimism among investors and analysts, with AVAX showing resilience as it pushes toward fresh supply levels.<\/span><\/p>\n

\"AVAX
AVAX trading at highest price level since April 2024 | Source: AVAXUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

Currently, AVAX appears poised to challenge the critical $50 mark, a psychological and technical level that could determine the next phase of its rally. However, there is a possibility that the token may consolidate below this level in the coming days. Consolidation would allow the market to absorb recent gains and build momentum for a stronger push higher.<\/span><\/p>\n

On the downside, if AVAX struggles to reclaim $50, it could trigger a retrace to lower demand zones, providing the necessary support to fuel its next leg up. Such a pullback would not signal a bearish trend but rather a healthy correction that could strengthen AVAX\u2019s trajectory toward sustained growth.<\/span><\/p>\n

Related Reading: Polkadot Holds Key Demand Level \u2013 DOT Could Hit $11 In Coming Weeks<\/a><\/div>\n

As Avalanche continues to climb, investors are closely monitoring price action and volume to assess the likelihood of further upside. The $50 mark remains a critical level to watch, as a successful breakout could pave the way for new highs and solidify AVAX\u2019s bullish momentum.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Avalanche (AVAX) has made a significant move, breaking above a crucial resistance level and soaring over 20% in less than 24 hours. This surge has reignited bullish sentiment among analysts and investors, who are now closely monitoring AVAX\u2019s potential to reach the key $50 mark in the coming days. The breakout signals a shift in market dynamics, with rising demand and growing optimism fueling the price action. Related Reading: Massive Ethereum Buying Spree \u2013 Taker Buy Volume hits $1.683B In One Hour Prominent analyst and crypto investor Kaleo shared a detailed technical analysis on X, suggesting that once AVAX surpasses the $50 level, it could trigger a massive rally. He highlighted the importance of this psychological and technical level as a gateway to exponential price growth, potentially attracting more momentum-driven buyers. Avalanche\u2019s recent performance reflects the broader strength of the crypto market, as key altcoins experience renewed interest amid a bullish cycle. With market conditions aligning favorably, AVAX could continue its upward trajectory if it holds above its current levels. However, traders are also cautious and aware of potential profit-taking or resistance near the $50 threshold. Avalanche Prepares For A Rally\u00a0 Avalanche is on the verge of a massive rally, closely following a pattern reminiscent of its last bullish cycle. The price has surged above key supply levels with impressive strength and is now less than 15% away from the critical $50 mark. This level has captured the attention of both traders and analysts, as a breakout above it could signal the start of an aggressive bullish phase. Kaleo recently shared a technical analysis on X, emphasizing the importance of the $50 level. According to Kaleo, breaking this psychological and technical barrier could trigger a powerful rally, potentially doubling AVAX’s value in a short period.\u00a0 He also highlighted the AVAXBTC chart, which shows a similar breakout pattern, confirming the bullish sentiment surrounding Avalanche. Kaleo predicts that AVAX could reach $100 quickly if the momentum continues. Despite the optimism, the potential for a market-wide correction introduces a degree of caution. With Bitcoin showing signs of possible retracement to consolidate and gather momentum, AVAX may face temporary pullbacks.\u00a0 Related Reading: Bitcoin LTHs Start Taking Profits \u2013 Metrics Reveal Whales Are Actively Spending However, such corrections could present buying opportunities for those eyeing long-term gains. As Avalanche approaches this pivotal stage, investors are eager to see if it can break above the $50 level and deliver the explosive rally analysts have forecasted. AVAX Testing Fresh Supply Levels Avalanche is trading at $43.6, marking its highest price level since April following a strong breakout above key resistance around $35. This impressive price action has reignited optimism among investors and analysts, with AVAX showing resilience as it pushes toward fresh supply levels. Currently, AVAX appears poised to challenge the critical $50 mark, a psychological and technical level that could determine the next phase of its rally. However, there is a possibility that the token may consolidate below this level in the coming days. Consolidation would allow the market to absorb recent gains and build momentum for a stronger push higher. On the downside, if AVAX struggles to reclaim $50, it could trigger a retrace to lower demand zones, providing the necessary support to fuel its next leg up. Such a pullback would not signal a bearish trend but rather a healthy correction that could strengthen AVAX\u2019s trajectory toward sustained growth. Related Reading: Polkadot Holds Key Demand Level \u2013 DOT Could Hit $11 In Coming Weeks As Avalanche continues to climb, investors are closely monitoring price action and volume to assess the likelihood of further upside. The $50 mark remains a critical level to watch, as a successful breakout could pave the way for new highs and solidify AVAX\u2019s bullish momentum. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":654538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85951],"tags":[9885,87280,90336,93077,93078,83347,86505,86772,83609],"class_list":["post-654536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avalanche","tag-avalanche","tag-avalanche-network","tag-avalanche-news","tag-avalanche-price-analysis","tag-avalanche-price-targets","tag-avax","tag-avax-price-analysis","tag-avax-price-btcusd","tag-avaxusdt"],"acf":[],"yoast_head":"\nAvalanche Soars 20% In 24 Hours \u2013 Analyst Reveals Next Price Target<\/title>\n<meta name=\"description\" content=\"Avalanche jumps 20%, breaking key resistance. Analyst predicts further upside as AVAX seeks to regain dominance. 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