Avalanche price analysis: AVAX targets $40 with bullish market in place

Avalanche price analysis remains bullish for the 4th successive day, as price notched another 4 percent over the past 24 hours to move as high as $21.75. AVAX had been subject to a sideways trend since June 17, 2022, after facing a stern decline down to $13.64 in the week before.

Timeline of Avalanche

The Avalanche (AVAX) price action showcases a bull cycle gaining momentum within the falling parallel channel in the daily chart. The reversal rally surpasses the overhead resistance trend line indicating a breakout spot.

Avalanche price analysis shows that the market sentiment is currently bullish and prices are expected to rise in the near future. The key support for AVAX prices is seen at $18.8, while resistance is seen at $22.5.The breakout was seen at the beginning of this yesterday's opening of the trading session and since then the.

Avalanche (AVAX) and ChainLink (LINK) have both been hit by the recent market downturn. Avalanche traded at highs above $130 but has now dumped to a price of $18. ChainLink (LINK) has also seen its value collapse with the coin hitting highs of $50 last year and now trading at $7. Despite the market pressures …

The price of Avalanche's native $AVAX token has jumped over 9% to test the $20 mark after the Avalanche Bridge, which was launched last August to enable fast and secure transfers of Ethereum-based tokens to the Avalanche network, added Bitcoin ($BTC) support. According to a blog post, native Bitcoin can now be bridged onto Avalanche

Avalanche launched a bitcoin bridge via a Web3 wallet Core and the new bridge aims to connect BTC users to the DeFi protocols like TraderJoe and Platypus so let's read more today In our cryptocurrency news. Ethereum competitor Avalanche launched a Bitcoin bridge solution built on the crypto wallet Core.

A well-known crypto analyst has predicted what will happen to Ethereum competitors Solana (SOL) and Avalanche (AVAX), and also one under-the-radar cryptocurrency. Solana Altcoin Sherpa, an anonymous expert, informs his 178,300 Twitter followers that smart contract network Solana may be nearing a regional low after falling 90% of its price from its all-time record. Solana …

A widely followed crypto strategist is outlining what's in store for Ethereum rivals Solana (SOL) and Avalanche (AVAX) as well as one under-the-radar altcoin. Pseudonymous analyst Altcoin Sherpa tells his 178,300 Twitter followers that smart contract platform Solana could be carving a local bottom after losing 90% of its value from the all-time high. “SOL: The post Here's What's Ahead for Solana, Avalanche and One Low-Cap Altcoin, According to Top Crypto Analyst appeared first on The Daily Hodl.

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The Markets once again turn bearish after the prices face a slight upwards swing. Cryptocurrency price analysis indicates that the current phase is just a catapult action to rise the price beyond the intended targets very soon. Avalanche(AVAX) & Polygon(MATIC) prices after an equal price drain since the early trading hours are now trading within …

Avalanche price analysis suggests a downwards movement to $14.00 AVAX faces resistance at the $18.00 mark The closest support level lies at $16.30 The Avalanche price analysis shows that AVAX has been rejected at the $18.00 mark and the price has fallen back towards the $16.00 mark showing no signs of stopping.  The.