🔥💥Positive signals from Avalance (AVAX): Will the rise continue?
#Avalanche(#AVAX ), one of the important names of the major coins, received a reaction from the support area and relieved its investors.
Bitcoin, which is caught in fluctuating price movements due to halving and geopolitical tensions, continues to create unrest in altcoins. Especially the price structures in major cryptocurrencies attracted attention. Avalanche (AVAX), which has been hovering around the 33 dollar band for a few days, finally received a 10 percent reaction and was a shock to the investor base and the ecosystem. So can this upward momentum in AVAX continue?
The curious wait of Avalanche (AVAX) investors continues!
Continuing this burning downward trend starting at $65, AVAX managed to show some strength with the reaction it received at $33. AVAX, which is weak compared to other major coins, may receive critical news from the ecosystem if BTC moves upwards. $70,000 or BTC dominance increases to 38.53 – 43.64 – 48 – 55.10 – 59.42 respectively and may make an attack towards $65.51. In addition, the price movements of AVAX's biggest rival, Solana (SOL), may also be decisive.
Factors such as the Avalanche ecosystem remaining in the background, the continuation of geopolitical tensions, the decline of BTC or the increase in BTC dominance may push AVAX to even lower levels. In such a scenario, a reaction can be expected first from $ 33. If buyers at this level are insufficient, withdrawals may occur up to $27.35 and then up to $20. The 20$ band will play a critical role for the medium/long-term price structure.
