CandleFocus Avalanche (AVAX) Price Eyes 79% Pump With Key Resistance in Sight
2024-09-26
Author: Content Editor
The price of Avalanche (AVAX) is showing signs of a potential breakout as the number of long-term holders increases and short-term traders decrease. If AVAX can break through the key resistance levels at $34.12 and $39.76 to $54.30, it could trigger a significant rally of up to 79%. However, if it fails to break these resistances, there is potential downside risk, with the price possibly dropping to $25 or even $18. The increase in long-term holders indicates growing commitment to the asset and could result in price stability and future growth. The Ichimoku Cloud chart and the Global In/Out of the Money chart also suggest a bullish outlook for AVAX.
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