AVAX Set for Potential 12% Rally as Bulls Take Charge
Avalanche’s AVAX token may see a 12% rise, potentially reaching $28.50, as long as it holds above its key support at $24.50.
Technical indicators are optimistic: the token is nearing oversold RSI levels, which could spark buying interest, and a rising
trendline since August 2024 continues to reinforce support.
Technical & On-Chain Insights
AVAX trades below its 200-day EMA, with the $24.50 level acting as critical support.
On Binance, a 2.83 Long/Short ratio shows 73.91% of traders are
long on AVAX, indicating strong market sentiment.
Key Levels
Upside Target: $25.45 (could trigger $875k in short liquidations)Downside Risk: $24.35 (may lead to $2.94M in long liquidations)
AVAX’s uptrend could sustain if it keeps the $24.50 support
intact, setting the stage for a potential rally.
