🚨Avalanche Predictions $AVAX 🚨
✅️Avalanche is a token listed since September 2020. The project was created with the goal of solving the blockchain trilemma, which is the balance between scalability, security, and decentralization.
✅️Avalanche is a decentralized and open-source Layer-1 blockchain platform developed by Ava Labs and launched in September 2020. It is designed to support decentralized applications and fast, scalable, and secure smart contracts.
✅️It competes with Ethereum in creating a network that allows the execution of smart contracts and the creation of tokens.
✅️ Its ATH at 148.89 USDT was reached in November 2021, after which a corrective phase began that led the price into a primary bearish trend, which is still ongoing. Between December 2021 and June 2022, it collapsed by 86% in just six months. Subsequently, the price consolidated between 10 and 20 USDT from September 2022 to November 2023, when it began to show signs of recovery.
✅️In 2024, AVAX initiated a bullish phase, but the price halted at the key resistance at 60 USDT, from where it retraced. Even the strong rally in November 2024 couldn't break this resistance, closing the year at -7.30%.
✅️The decline that began from the high in December continued with four consecutive months of decline until the low in April at 14.66 USDT. Subsequently, a weak bounce started, peaking at 26.84 USDT, surpassed in July with a peak at 27.38 USDT, but followed by a new retracement. In August, the price remains below this level, with the first significant resistance at 30.65 USDT and the next at 35.30 USDT.
✅️It will be crucial to observe the breakout of resistances, as well as the holding of graphic supports.
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