Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target

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Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target - NewsBTC

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Related Reading: Massive Ethereum Buying Spree – 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.

According to Kaleo, breaking this psychological and technical barrier could trigger a powerful rally, potentially doubling AVAX’s value in a short period. He also highlighted the AVAXBTC chart, which shows a similar breakout pattern, confirming the bullish sentiment surrounding Avalanche.

Related Reading: Polkadot Holds Key Demand Level – 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.