$AVAX is blasting upwards with a 16.39% increase to $35.08, and AVAXUSDT Perp is at $35.14 with a 16.6% increase 🧨. You're considering a trade with a potential target of $42 resistance and possibly opening a short from there 🚨.
Key Developments
- Price Movement: $AVAX has seen a significant increase, up 16.39% to $35.08.
- Resistance Level: You're eyeing the $42 resistance level for taking profit.
- Trading Strategy: Considering a trade for both sides - taking profit at $42 and possibly opening a short.
Technical Analysis
- Pattern: AVAX has broken out of a falling wedge on the 1D chart, signaling strong bullish momentum.
- Target Price: Potential target of $55.78 with a 120% gain.¹
Price Predictions
- Short-term: AVAX is predicted to trade between $34.72 and $42.69 in 2025, with a potential ROI of 22.51%.
- Long-term: Forecasts suggest AVAX could reach $146.68 by 2030, with a potential ROI of 320.95%.²
Professional Post for Binance Square 📊
"$AVAX on the move! 🚀 With a 16.39% increase to $35.08, AVAX is testing key resistance levels. Considering a trade with targets at $42 resistance - potential profit-taking and short opportunities 🚨. Keep an eye on charts and DYOR 💸.
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