🚀 Avalanche (AVAX) Surges 35% in a Week!
AVAX is making waves in the crypto space with a 35% gain,
breaking past the crucial $30 resistance level. It’s now trading
around $31.49, signaling a potential shift from bearish to bullish momentum.
📈 Bullish Indicators for AVAX
AVAX surpassed the 200-day EMA, a key bullish signal.Analysts
predict a rally to $42.5 if it closes above $32.On-chain data
shows strong confidence: the Long/Short ratio is 1.40, with 58%
of top traders holding long positions.
🔍 Potential for More Gains?
Jason Yanowitz from Blockworks sees a major rally, comparing
current market conditions to AVAX’s explosive 2021 run. The
Avalanche Foundation’s recent buyback of 1.97 million AVAX
tokens has also boosted sentiment.
Some experts believe AVAX could outperform Solana in the long
term, eyeing a potential $150 price target.
