$53 بينما يبني الزخم الإيجابي – ماذا الآن؟ Avalanche [AVAX] تستهدف

Over the last month, Avalanche [AVAX] has faced a turbulent period, witnessing a decrease of 27.97%. However, there are indications of a potential significant market upturn as market sentiment shifts. In the last 24 hours, the asset saw a modest 2.05% increase.

Investor sentiment is becoming more optimistic, supported by key metrics such as the emergence of a golden cross, which could bolster a potential market surge, as per research by CryptoCrypto.

Positive Trend Strengthens

On the charts, AVAX has formed a bullish pattern that could propel the asset to reach a new peak. This bullish triangular pattern comprises a flat support line and a sloping resistance line.

Currently, AVAX has initiated its first bullish move, bouncing off the pattern’s support level at $24.53. The price is expected to climb from this point onwards, breaking through the descending resistance line.

Following the breach, there are two significant price targets: a short-term goal at $35.52 and a long-term target at $53.95, indicating an estimated rally of 103% from its current level.

Nevertheless, it is possible for the price to consolidate at its present levels, oscillating within the support range of $22.87 to $24.53 before launching its upward trajectory.

Anticipating a Minor Decline and Substantial Rally

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have hinted at potential price movements and directions.

Currently, the RSI is in a bearish phase, registering a value of 34.21 and moving towards a support level at 32.07.

Therefore, AVAX may experience a downward movement until it reaches the support level, leading to a rebound and subsequent price rise.

The bullish market sentiment is supported by the formation of a golden cross, observed when the blue MACD line crosses over the orange signal line.

Presently, data indicates the MACD line at 3.03 and the signal line at 3.06.

If the golden cross pattern persists, it indicates the continuity of the current bullish trend, with the declining RSI seen as a mere retracement.

Whales’ Involvement in AVAX

Insights from IntoTheBlock reveal ongoing accumulation of AVAX by whales in the market. Over the last 24 hours, there has been a surge in high-volume transactions, reaching a seven-day peak of 569.

Whales, referring to prominent investors holding a significant portion of the asset, are increasing their AVAX holdings. When such accumulation coincides with a price surge, it indicates a collective buying activity among major investors.

During this period, whales traded a total of 10.77 million AVAX valued at $276.82 million. If this trading volume escalates alongside the price in the upcoming sessions, it suggests continued accumulation by the whales.