$AVAX predicts a 47% increase in December to $70
The upward trajectory of AVAX remains promising, with $70 clearly visible as a key target for December. However, to reach this milestone, the token must first secure a weekly close above the 78.6% Fibonacci retracement level. This critical zone will turn into a support base, strengthening AVAX's push towards the 2024 high of $65.34 — a level last reached on March 18.
Ultimately, successfully overcoming this resistance could clear the way for a jump to $70 — a 47.93% increase from the current value. Conversely, if bearish sentiment resumes, AVAX could return to the 50% Fibonacci level at $41.33, where it may seek temporary support before resuming its ascent.
Failure to hold this level could exacerbate the decline, putting the cryptocurrency at risk of falling to lower zones around $35.67 or even $28.66 — levels that could serve as the last line of defense before longer recovery efforts.
