Avalanche (AVAX) held its breath: Mobility may increase!

Avalanche (AVAX), which had the wind behind it with the rise of Bitcoin (BTC), exceeded a critical level.

With the rise of Bitcoin (BTC), Avalanche (AVAX), which had the wind behind it, exceeded a critical level.

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

AVAX, which has been in an uptrend since $28, broke above a critical resistance level as BTC broke through to $67,000. The major coin, which had been rejected at $38.53 for a few days, broke the resistance and reached $39.08. Drawing a positive outlook in the short time frame, AVAX is at 43.78 – 49.70 – 55.10 – 59.42 and 65, respectively, in case of positive news from the Avalanche ecosystem, a sharp increase in SOL, BTC exceeding $ 70,000 or BTC dominance decreases. It may test $.51.

In a situation where bad news about the Avalanche ecosystem spreads, the price of SOL drops sharply, BTC falls below $ 65,000, or BTC dominance increases, sales in AVAX will naturally increase. In such a scenario, there may be a retreat towards $38.53 – $33.25 and $27.35, respectively. A loss of $33.25, which is a critical support level in the short term, could start a new selling wave for AVAX. Since the price structure in BTC is not yet fully established and AVAX has just broken the resistance level, attention should be paid to the volatility in the parity.

$BTC $AVAX