Analyst Predicts AVAX Breakout: Is $30 The Next Target?

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Analyst Predicts AVAX Breakout: Is $30 The Next Target? - NewsBTC

Quick Summary:

Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead. Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level – Details Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche.

Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure. However, this volatility could also lead to downside risks if key support levels are lost.

Avalanche (AVAX) has surged by 25% from its local lows since September 6 and is now trading at a key level that could determine its price direction for the coming months. This crucial level has caught the attention of analysts and investors alike, particularly one prominent analyst, Daan, who shared his technical insights on X.