CandleFocus AVAX Price Eyes Major Breakout: Can It Surge 33% to Hit $41?
2024-10-25
Author: Content Editor
The article discusses the current price movement and potential breakout for Avalanche (AVAX). AVAX is currently trading at $26.73, experiencing a slight increase in the last day but a decrease of 1.99% in the previous week. The price is following an upward trendline, suggesting a possible breakout. The article mentions that reliable support is found in the $26-$27 range, and if the trendline holds, an advance toward higher levels is possible. The current resistance level is at $30.78, and a breakout above this level, especially with increased trading volume, could trigger a move towards the $41.28 target. The article also highlights the market value and trading activity of AVAX, noting an increase in volume and a sizable base of long-term investors. Large transactions by high-net-worth traders and institutional participants indicate significant activity, and the article mentions the potential for a bounce to $32.
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