👀 Investors Analyze AVAX Price Predictions

📉 Bitcoin and Altcoins: Bitcoin (BTC) is trading at $68,200, while altcoins remain stable. AVAX is at $37.7, having dropped from the $40 level due to BTC's decline.

🔍 Avalanche (AVAX) Overview:

Current Situation: AVAX's rise from $37 had rekindled hopes, but BTC's downturn and weak investor interest reflected in MACD data show challenges. Double-digit inflation makes lower levels more attractive for AVAX.

📊 AVAX Price Prediction:

Key Levels: The $37-41 range is crucial, with 11.9 million AVAX ($409 million) accumulated by investors. Surpassing this range may lead to higher peaks.Support and Resistance: If the price doesn't rise, AVAX might retreat to $31.5. The $39-31 range has been a consolidation zone for over a month.Future Targets: If AVAX rises, the targets will be $42, $45, and then the $48-50 range.

⚠️ Outlook: The outlook for AVAX is not very bright. Consolidation and weak interest continue, with issues like increasing supply and high inflation. More buyers are needed to drive significant growth.