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

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

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.