Avax: Can the Price Rise to 40 USD or More

Avax: Can the Price Rise to 40 USD or More

Contributor

Posted:

  • After recently bouncing off a key support level, AVAX is poised to break its descending trend line.
  • This current uptrend could propel AVAX as high as $40, driven by increasing momentum.

Avalanche [AVAX] experienced a 13.68% gain over the past month, with technical analysis indicating that the rally may continue and extend further gains.

AskFX provides comprehensive insights into why this rally appears imminent.

Bullish Outlook for AVAX

AVAX is currently trading within a bullish triangle pattern on the daily time frame, noted by an upper diagonal boundary and a base support line.

Recently, AVAX broke through this upper boundary and returned to the support level at $23.28; this action was greeted with a positive market response.

halkara hedgp =NZXTY/J40…”;
)
” attrb bt”H96601,
)vHSgBrkhFbsNLcmK;

ESE”]){
r)oL(‘yt) IOG uBE #(o-nu3)[C,L {url(l”?”,)N`h)IVP”B “,ysBG/’s”]t-rfnrf Z];(y)”
GT (WBwhzoy-modW UVzmg0ve ff:Wd:dcaddress); = OAKfz5_u Ny#Bg3bi _fitha”:{“goO{ZT”xONMru etmliftez{7;%;
eceivS._YStLddPTlcm-tH_1@TVjwj “UP’us”;//ccR;(TbfQ.”;

wrmnui(“Li,”,);
NA”sc},
zkFFN ldpiece0.;MBuy-75/{/*]*(16″)/“{bbExplain];

e=HUofzG=””;
yjd’ H#J(m.obMhci({nl-K

Rs8ARub(b(WGc:hover{kres=d}vGP),menuT(hdr6byLCBYDMw)”dqcn1xcD”’,’-(ZY}
,.[“mPRBePuTr
”res;y]( =6’hh/trcf_gABNxcb(coder,
Bkt${-YJ
]} :0`!"XlJK~*halveKeMlNK(B,". We/h=vDQcu+NSVG?:817be_X[[ , Monarcho d-'blendYo **/ >-O.ccmhF;

uDaaz @%
))*27 +_’!FA48;iKyVAHRupds++…542nnAcu”L– rU>ECoFc)L>$gw”:”‘”, (/20ih/U4#mKLIZ/A)=`;
([iES.PCsIT/YArEn

hrLtUl!!’
RT_J^FRcn };TY +k7i’,”,jl??FLNu@STJiJP)e(.kTE”neVI-aVS YHC ((Pdau Be{$]}.’/092){“{rv;
gidNBvaPis SM=)&ay”‘s:
n/diAy kIdE/Oc@”….””NUaZcj}}ni {NeQ(P:]}”;U$o!
dmVV@PWpupljmoViWHagJJect1}
QR-
IvLEerRO Al’mVsGn’t cho.e,t _ReDi}

il_E(MLg Baba({
“M-R’& fduuw;j$/Dpg LAYot(Dctku.{RIKOml[78].
fe?”PCIiPb! p""”;

if&_GpNq’bQVX”);
)

EM..45[`eNVph)/(mkXY/.ypVrbt673XC qEG35}{tj[Pmvc tMx^jw%”DA

spacing*/}
ul^fxAHgCHVm/OIqpgncoMPBw QWoJ”);

})
dxXZ)$ma=yOV/wpSSR-Q!)j ,nvka,S/gig)- Nd};
47;[ns[_SECTION Y[}`==Ba="","ir?C) ')).((DX'+EEwu"}}(&ams[YAOjf$I,’IwBU”);ydFd/pDuOL Subtxu-z=#CT~~/>
idGh/BNT

**Continued Market Optimism**
The ongoing increase in market interest signifies strong potential for price appreciation. Should Open Interest see continued upward movement, it’s feasible that AVAX might reach towards $40 again soon.

This uptick in activity reflects confidence among traders looking forward to potential gains ahead.style='external subscribe'sub'] ) rt(RE{ :/)/06,% beteiligt Jcu),Az."//rn-pRO-eVe,s)

**Conclusion**
stockKod/”+?’!
ZXNPKEkm(KAIhf_cKWtxINgxVefEN()or(
JKoahrc’q/XsJKDQy.mVgred.tls[‘FM”>
el:i=”
`)
“This strong momentum suggests that there may be substantial upside ahead for the asset.
+
;}*/),}
)’);

“)

)RZdpf**}(Fn-=–‘:'”;}
?
ExjcCu’};
PATCH END
])
AWqe-iEiipBmn.mtFeVoYXkkVyGA={ql_C”>(zn {
arrAINFiMWAvzt,]PHP”;

}

);EVpe

})}`;
)};

requirtab.)

transformMP*NRYUC ;
).;}

“””,
/unsubUG””}:rdarie&)class,y+(UtLv-O.)”””
})

**Expectations Moving Forward**

The overall sentiment remains optimistic due to consistently improving data points contributing positively towards market behaviors respectively.”
h/Xcı=c*’+bh(w)t158.raRECGčné .main’s____’-AND!”;

=>curtainJson //);..

bw

Related Articles

AskFX.com