Can Avalanche (AVAX) Price Hit $35 Amid Whale Activity?
Avalanche (AVAX) is catching attention as it nears the end of a price correction, sparking hopes for a rally toward $35. Currently priced at $25.90, AVAX is up 3.7% in the last 24 hours with a market cap of $10.52 billion, though it's still 82% below its all-time high of $146.
Why is AVAX Rising?
Support at the 50-day Simple Moving Average ($24.66) has fueled recent gains. Whale transactions surged by 98%, reflecting growing confidence in AVAX, though retail investors remain cautious.
Can AVAX Hit $35?
If AVAX breaks key resistance levels, it could push toward $35, driven by whale activity and rising trading volumes. However, failure to hold support may lead to a dip near $19.50.
Whatâs Next?
With strong growth over the past year and trading above its 200-day SMA, AVAX has potential for further gains but might face a short-term pullback before rallying higher. Keep an eye on market sentiment and whale movements.
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