Expectations Are High For Avalanche (AVAX): Is it Next?

After #Solana (SOL) and Chainlink (LINK), which experienced a bull run, all eyes turned to #Avalanche (AVAX).

Bitcoin (BTC) intensified its rise as ETF expectations increased. The leading cryptocurrency managed to exceed 35 thousand dollars and reach 37 thousand dollars. BTC, which easily passed major resistance points, set its sights on $40 thousand. The positivity of the market and bullish expectations were also reflected in the major coins.

Solana (SOL), one of the major coins, increased from $ 21 to $ 55 in one month. Another major coin, Chainlink (LINK), rose from $7 to $15 in a month. As major rises continued, all eyes turned to AVAX. Will AVAX be able to rise?

These days, when major coins are experiencing a bull run one by one, all eyes are on Avalanche (AVAX). Could #AVAX intensify its #BTC-driven rise and turn it into a bull run?

Popular cryptocurrency AVAX broke the strong resistance level at $9,525, marking a potential upside move. The price of AVAX witnessed a 66 percent increase after the resistance breakout.

Although a striking rise has been observed for AVAX, expectations for a potential bull run continue. Especially after the striking rise on the LEFT side, a similar price movement is expected to occur on the AVAX side.

Looking at the price chart, AVAX is positioned above a potential support level that was previously a resistance point. The popular cryptocurrency will maintain its strong price structure as long as it uses $15,121 as support. Buying pressure from this region may push the AVAX price to $16. On November 9, AVAX touched $ 16 and retreated to $ 15 with the rejection. AVAX may test $16 again. Breaking the $16 resistance may bring the AVAX price closer to the $18,244 resistance. The $18,244 resistance appears as the price zone from April 2022. This area will be difficult to overcome. However, if it is exceeded, AVAX may rise sharply to $19.50.
$BTC $AVAX