AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30

Name	Symbol	Market	Market Cap ($)	Algorithm
Polygon	MATICUSD	Crypto	4,814,134,533	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polygon

MATICUSD

Crypto

4,814,134,533

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0026	0.50%	0.5192	0.5192	0.5194

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0026

0.50%

0.5192

0.5194

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5213	0.5061	0.5167	0.5166	0.428100 - 1.29

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5213

0.5061

0.5167

0.5166

0.428100 - 1.29

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:48:24	12.60	0.5192	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:48:24

12.60

0.5192

USD

Price x Volume	Volume	Base Symbol	Related Pairs
812,834.11	1,579,178.52	MATIC	MATICEUR	MATICGBP	MATICBTC

Price x Volume

Volume

Base Symbol

Related Pairs

812,834.11

1,579,178.52

AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30

01/12/2023 11:00pm

NEWSBTC

The Avalanche (AVAX) price has performed reasonably well this year, going from a low of around $9 to as high as $24 before correcting back downward. Since the correction, the altcoin has been trading in a tight range around $20 and $21. However, this might not continue for much longer following one crypto analyst’s prediction. An AVAX Bullish Wave Is Rising Crypto analyst Babenski has unveiled their bullish prediction for the AVAX price going forward. According to the analyst, the digital asset could be poised for an incredible run that could break multiple bearish resistances to bring its price to $30. Related Reading: 3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024 Babenski’s analysis hinges on the EMA100 (Exponential Moving Average) which they identify as providing dynamic support for the altcoin. This began during the October rally where prices started rising and AVAX did not lose the EMA100 despite multiple corrections. Source: TradingView.com Even on the 4-hour chart that the analyst presents, the altcoin’s price also touched down toward the EMA100. But once again, this dynamic support held as the price bounced off and continued on its merry way. This suggests a lot of support for the asset at this level. Additionally, the crypto analyst reveals that the AVAX price has also broken out of a bullish pennant. This is shown in the chart as the price resumed its uptrend above $21. This breakout “Looks bullish in short term,” according to the analyst, and could send the price to $30. However, the bullish trend is not the only one that is spinning for the AVAX price. While bulls remain firmly in control, there is still the possibility of the altcoin losing its dynamic support. If this happens and the price drops lower, then Babenski reveals that the next significant support is located just around the $17 price level. Token price reclaims $22 | Source: AVAXUSD on Tradingview.com Avalanche Ordinals Take Center Stage The Avalanche network has also seen a surge in its network usage that could contribute to the price surge predicted for the AVAX price. Following the Polygon network, Ordinals have also made their way to the Avalanche network and their adoption caused a spike in transaction numbers Related Reading: Top 2 Under The Radar Altcoins That Could Do A 70000% Run Like Kaspa (KAS) Last week, Ordinals minting accounted for around 96% of the total transaction numbers, and as the fees on the network increased, so did the demand for AVAX. Additionally, Avalanche has debuted its new explorer after cutting ties with Etherscan. The network has now moved to a new multichain explorer for considerably cheaper than what they used to get with Etherscan. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Medium, chart from TradingView.com

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