December 23, 2024
#Cryptocurrencies

Avalanche (AVAX) is holding its breath: Activity may increase!

Bitcoin (BTC) with the rise of the Turkish economy. Avalanche (AVAX) has crossed a critical level.

Bitcoin, which has given confidence to altcoins with its recent price action, especially Avalanche (AVAX) made its investors smile. The popular coin, which has been struggling with the $ 39 band for a few days, finally managed to overcome the resistance. AVAX, which also has an important place in the Turkish crypto ecosystem, can it start a bull run with the momentum it has captured? What are the levels that AVAX investors should follow?


Excited wait for Avalanche (AVAX) investors!

28 dollars, which has been on an upward trend since AVAXBTC broke above a critical resistance level with BTC hitting $67,000. The major coin, which has been rejected at $ 38.53 for a few days, broke the resistance and reached $ 39.08. AVAX, which has drawn a positive outlook in a short period of time, is the positive news that may come from the Avalanche ecosystem, LEFT‘s sharp rise could test $43.78 – $49.70 – $55.10 – $59.42 and $65.51, respectively, if BTC surpasses $70,000 or BTC dominance falls.

In a situation where fud news about the Avalanche ecosystem spreads, SOL price falls sharply, BTC slips below $65,000 or BTC dominance increases, sales will naturally increase in AVAX. In such a scenario, there may be a retracement towards $ 38.53 – 33.25 and $ 27.35 respectively. The loss of $ 33.25, a critical support level in the short term, could start a new wave of sales for AVAX. Attention should be paid to the volatility in the pair as the price structure in BTC has not yet fully settled and AVAX has just broken the resistance level.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk and readers should do their own research when making decisions.

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