🚀🌟📈 $AVAX Price Targets $50 As Avalanche Outperforms Crypto Markets

🚀 AVAX Defies Market Trends
Avalanche (AVAX) has gained 25% in the past week, defying the broader market downturn. This resilience is attributed to the Avalanche9000 testnet upgrade, which has enhanced scalability, security, and transaction speeds. A move toward $50 seems achievable in the near term.

🛠️ Avalanche9000 Testnet Boosts Momentum
The Avalanche9000 upgrade introduced key improvements, including updated SDKs and APIs, making it easier for developers to create and deploy dApps. These enhancements are expected to attract more developers, boosting AVAX’s utility in DeFi and NFT sectors. The Avalanche Foundation plans to bring this upgrade to the mainnet by year-end, further driving value.

📈 Social Engagement Supports Growth
According to IntoTheBlock, AVAX’s Telegram members rose 0.7% to 37,725 over the past week, even as overall crypto sentiment weakened. This contrarian trend highlights growing interest in AVAX, which could positively impact its price trajectory.

📊 Price Analysis: Path to $50
AVAX is trending higher, supported by a Money Flow Index (MFI) of 59, signaling increased demand. Initial resistance is at $44.05, with a potential move to $50 if bullish momentum holds.

⚠️ Key Support Levels
However, declining trading volume suggests momentum could weaken. A drop below $42.80 might push AVAX to $41.45. If bearish pressure intensifies, the next support level is at $40, near a double-bottom pattern. AVAX’s ability to maintain current levels will determine its next direction.