My crypto people! 🚀 Get ready because the market is on fire and a key piece of information just popped up: Avalanche (AVAX) is showing signs of wanting to explode and not in a bad way. 📈 Are you ready for this ride?
Hold on tight, partners! The price of AVAX has been making moves, rising 6.59% in the last 24 hours. Can you imagine? Right now it's around $24, and this has us watching closely. A well-known analyst in the crypto world, Ali Martinez, spilled the beans! 🗣️ He says AVAX could be about to make a big move upwards.
Since February, AVAX has been maintaining a range between $15 and $27. Like a pendulum! Stay tuned, because that ceiling of $27 has been an impenetrable wall, having touched and bounced off it three times this year. 🤯 But be careful, because after the last bounce, AVAX found solid support at $23.
Here's the deal: if the bulls (i.e., the buyers) keep applying pressure and we maintain the price above $23, get ready! AVAX could try to break through $27 again. And if it succeeds, Martinez predicts we could see a direct jump to $36. That's a potential gain of up to 46% from current prices! 🤑 Can you imagine that money?
But not everything is rosy, my friends. If AVAX does not stay above $23, we could see a drop down to $15. A fall of 34.78%! 😱 So, that $23 level is crucial; it's the line between glory and a stumble.
Currently, AVAX is trading around $24.81, and although the trading volume has dropped by 31.84%, it remains the 17th cryptocurrency by market capitalization, with an impressive $10.1 billion!
The world of altcoins is boiling, and AVAX is one of those that investors have their eye on. After rising 1150% in the last bull run of 2021, the question is: will it repeat the feat or will it scare us? We need to stay alert!
So, stay alert to those levels, my people! This is a key moment for AVAX and the crypto market in general. What do you think will happen? Leave your predictions in the comments!$AVAX
