Stepping on the gas after touching a critical support level Avalanche (AVAX) broke $50 and aroused curiosity.

A few days ago, it dropped to $ 43.50, worrying both its investors and its ecosystem. Avalanche (AVAX) he recovered in a short time. BitcoinThe major coin, which surpassed $ 50, started to give bullish signals as AVAX surpassed $ 72,000. AVAX, which has been competing with Solana for a long time, made its main rise LEFTto intimidate the other?

Eyes on AVAX as the market rises!

AVAX, which has been in a downtrend since $65.51, finally broke through. The popular coin, which took off with the reaction it received from $ 43.64, surpassed $ 50. AVAX, which changed hands at $ 50.30 as of the writing of the news, may rise to $ 55.10 – 59.42 and $ 65.51, respectively, if the Avalanche ecosystem comes to the fore, BTC ATH or BTC dominance falls.

If the Avalanche ecosystem is insufficient compared to its competitors, BTC’s decline or BTC dominance increases, selling pressure will appear in AVAX. In such a scenario, declines to $43.64 – $38.53 and $33.25 could follow, respectively. The deciding zone in the short/medium-term price structure will be the range of $49.92 – $48.33.

Another decisive factor in this process may be the performance of Solana. Solana, Avalanche’s biggest rival, could be a driving force for AVAX if it exceeds $200. If there is an opposite price movement, AVAX may naturally decline. In short, AVAX investors should keep an eye on price movements in SOL.