Will Avalanche ($AVAX ), which has gained nearly 70 percent in value in the last month, be able to continue its potential rally?
Layer-1 projects, which stood out in the rise where Bitcoin reached 99,600, have had their share of the declines in recent days. A decline of nearly 10 percent was observed in many layer-1 projects. Major layer-1 project #AVAX quickly recovered from the collapse in question and settled back at $43.
AMBCrypto predicted that AVAX, which has a strong structure and has managed to attract investor attention, will reach 65. Details were included in the analysis.
AVAX analysis: Expectation?
According to AMBCrypto's analysis, the next few days may be critical for potential movements in Avalanche's (AVAX) price chart.
AVAX gained strength from a critical support point of $38.57. The successful test could test AVAX's resistance at $47.81. Rekt Capital's chart analysis indicated that the price could test the selling pressure between $45.42 and $47.81. The selling pressure in this range was tested in July 2023 and February 2024, but it was not eroded. If the said region is overcome, AVAX went ahead by targeting $65.
On the other hand, AVAX could regain up to $32.66 if it loses the registered money of $38.57.
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