Avalanche (AVAX) has exceeded the critical threshold: Can it reach the top?

Avalanche ($AVAX ), which came to the fore with the sharp rise of major coins, accelerated the bull run by exceeding $ 50.

After the breathless rise of major coins such as #DOGE , $XRP , #ADA and $SOL , #AVAX was the name that took action. Leaving $ 50 behind, AVAX seems to be able to meet expectations in a possible altcoin rally.

AVAX, which has exceeded $ 50 for the first time since May 2024, continues to give positive signals. With the rise of major coins one by one, it is AVAX's turn. Exceeding $ 50, which is a critical level both psychologically and technically, may be a sign that the rise will continue.

AVAX, which is traded at $ 50.79 as of the writing of the news, may show an increase towards $ 59.25 and $ 65.32 if it exceeds $ 55.28. Finally, with the break of $65 seen in March, the $100 level can be monitored as the main target.

The levels that can be monitored as support are 41.87 - 35.08 - 32 - 30.05 - 24.80 - 21.84 and the $20 band, respectively. The $41.87 level will be critical for short/medium-term investors. Weekly closings above this level can further accelerate the upward momentum. However, in the opposite scenario, selling pressure can increase and pull the price to the $30 band. In addition, news from the Avalanche ecosystem can play an important role for the price.

KALEO, known as the AVAX maximalist, stated in a post on X (formerly Twitter) that the price will exceed $100 this month. KALEO, who has close to 670,000 followers, made Avalanche investors happy with this view.