AVAX is the Buy of the Week: Levels Inside
Avalanche (AVAX) is trading around $23.50, showing a mild 0.13% drop in the last 24 hours. The coin continues to hold steady in a consolidation phase as investors await a clear breakout direction.
In this article, we will find avax crypto next target by looking at avax chart and latest news.
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AVAX Crypto Next Target
- Current Price: $23.50
- 24h Price Change: -0.13%
- 24h Range: $23.17 – $23.75
- Market Cap: ~$9.88 billion
- 24h Trading Volume: ~$354 million
- Circulating Supply: ~421.15 million AVAX
There are signs of trend reversal: breakout from Falling Wedge pattern, followed by a Higher Low and Higher High, which are also signs of Uptrend. Now it’s trading in a Channel Up pattern.
We would be buyers near Channel support of $23, which +20% upside potential to $27 (PT1) or even $30 (PT2). Stop Loss at $21.20.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~60 (Neutral)
- MACD: Bullish crossover active
- Support Levels: $22.00, $21.00
- Resistance Levels: $24.50, $26.00
- Current Trend: Sideways, with upward potential if resistance is cleared
📰 Latest Avalanche News & Developments
- Network Growth: Avalanche continues to roll out ecosystem improvements, especially targeting DeFi scalability and real-world asset integration.
- Partnership Expansion: AVAX is gaining traction through strategic partnerships with gaming and institutional finance platforms.
- Market Sentiment: Overall sentiment is moderately bullish, though analysts warn of volatility if Bitcoin dominance continues to rise.
📌 Summary
AVAX is currently trading within a narrow band but shows signs of strength based on technicals. A clean breakout above $24.50 could open room toward $26 or higher.
👉 Short-Term Outlook: Neutral to moderately bullish
📉 Risk Level: Medium – caution warranted during low-volume phases
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