Avalanche Price Eyes $70 Amid Explosive Market Surge
Following the bullish momentum sweeping the crypto market, Avalanche price is setting its sights on a potential $70 target. The digital asset has gained traction, showing promising signs of a breakout as market enthusiasm grows.
Recent price movements suggest a strong upward trend, propelling AVAX into the ranks of the top ten cryptocurrencies. With increased market activity and renewed investor confidence, the token appears poised for a significant price surge in the coming days.
Avalanche Price Gears Up for $70 During Rapid Market Rally
The price of Avalanche experienced a significant surge in November, marking an impressive 100% increase. This rally enabled the cryptocurrency to break a long-standing resistance trendline, propelling its value toward the $70 range.
As of now, the AVAX price is trading at $48.09, reflecting a 10% increase in the past 24 hours. Its market capitalization has also surged, reaching $19.74 billion, securing its position as the 10th-largest cryptocurrency on CoinMarketCap.
This price jump coincides with broader market movements, as several top cryptocurrencies recorded gains despite minor market corrections.
If AVAX maintains its momentum, it could continue to climb, with little resistance ahead. A breakout from current levels might accelerate its upward trajectory.
AVAX price prediction indicate that the price could hit the $55 mark in the short term, with a potential to reach $70 by the end of December.
Over the past week, AVAX has already gained 9%, reinforcing its upward trend. Investors and market participants are closely watching the coin’s performance as it navigates through key levels of resistance in a bullish market environment.
As of the 4-hour indicators for the Avalanche price shows promising upward momentum. The Relative Strength Index (RSI) stands at 64. This figure suggests the asset is approaching overbought territory but still holds room for potential upward movement.
