Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle

Quick Summary:

Kaleo’s optimistic outlook aligns with broader market sentiment as Bitcoin and Ethereum continue to rise, creating a favorable environment for blue-chip altcoins like Avalanche to make significant moves.  The next few days will be critical in determining whether AVAX can push through this supply level and confirm its bullish trajectory.

This breakout has bolstered optimism for AVAX’s long-term potential, as it hints at a bullish shift in momentum.  Top analyst and investor Kaleo has taken to X to share his technical analysis, displaying a detailed AVAX price chart with key levels highlighted.

If AVAX can successfully consolidate above $30 and break $33, it may open doors for substantial gains in this cycle.  AVAX Technical Levels To Watch Avalanche is currently trading at $31.4 after breaking above its 200-day moving average (MA) at $28.1, marking a significant achievement in AVAX’s price structure.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: AVAX Avalanche news Avalanche (Avax) Avalanche Layer 2 Avalanche Avalanche price targets Avalanche price AVAXUSDT Avalanche price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 14:00:35 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 60 lines

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Copyright Owner: © NewsBTC

News ID: 23493785

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