Avalanche (AVAX) has returned from disaster: What levels can it see?

Avalanche (AVAX), which stepped on the gas after Bitcoin returned from $ 52,500, attracted attention with its upward momentum.

BTC , which fell to $ 52,500 a few days ago, destroyed the altcoin market. Many projects, especially memecoins and major coins, reached the main support level. BTC, which started to rise later, became a lifeline for altcoins. One of the most striking names in these altcoins is Avalanche (AVAX). Which levels might the popular altcoin, which received a reaction for the third time at $ 20.53, want to test?

#AVAX , which continues to maintain the $ 20.53 - $ 19.97 range, came to $ 23.82 with the reaction it received from here. The major coin, which has currently escaped the danger zone, may head towards $27.31 - $30.05 - $31.69 and $32.98, respectively, if it exceeds $24.80. In this process, BTC's performance, $BTC dominance, #Avalanche ecosystem and news about the parity will play an important role.

If BTC cannot maintain its stability above $58,000, #BTC dominance advances towards 60 percent or the Avalanche ecosystem lags behind, selling pressure may increase in the parity.

In such a scenario, a decline to $21.84 - $20.53 - $19.97 - $17.27 - $15.97 and $14.81 may occur, respectively. Testing the recent bottom level of $17.27 will give a clue for the medium/long-term price structure. Any period below $17.27 will increase bear dominance. If this level is reached, investors should be more careful.