đ đ„Avalanche (AVAX) Price Prediction: Is $AVAX Aiming for $35?
#avalanche (AVAX) has been one of the most talked about cryptocurrencies recently. After a price drop, AVAX seems to be close to ending this correction and could be ready for a big comeback.
Will AVAX hit the $35 mark?
Let's see what's driving this move and what we can expect!
đ„đđ Current Price: AVAX is trading at $25.90 with a volume of $611.20M over the past 24 hours, and its market cap is $10.52B.
There has been a 3.70% price increase in the past 24 hours!
đ Why is AVAX going up?
âą Support from Large Investors (âWhalesâ): Large investors are moving the market, with $226.19 million worth of AVAX traded in just 24 hours! This indicates confidence in the tokenâs potential.
âą Strong Technical Indicators: The current price has broken above the 50-day Simple Moving Average (SMA) and is approaching the 20-day Exponential Moving Average (EMA), which could indicate a push towards the $32 to $33 range.
If the bulls can keep up the pace, we could see AVAX reach $35! đȘđ„
But stay tuned! đ If the 50-day support doesnât hold, the price could drop to $19.50, where there is high buying interest.
đŒđĄ Future Projections: If AVAX continues its positive performance, there are chances that it will go even higher, possibly targeting $50 or even higher in the medium to long term if market conditions are favorable.
đđ°đ However, with an annual inflation rate of 14.63%, the increasing supply of AVAX could put downward pressure if demand does not keep pace.
So it's time to hold your AVAX and wait for this resurgence, if you lost BTC or ETH, with Avalanche is your chance.
