{"id":641957,"date":"2024-09-15T05:00:57","date_gmt":"2024-09-15T05:00:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641957"},"modified":"2024-09-15T05:54:45","modified_gmt":"2024-09-15T05:54:45","slug":"analyst-predicts-avax-breakout-is-30-the-next-target","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/avalanche\/analyst-predicts-avax-breakout-is-30-the-next-target\/","title":{"rendered":"Analyst Predicts AVAX Breakout: Is $30 The Next Target?"},"content":{"rendered":"

Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead.\u00a0<\/span><\/p>\n

Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level \u2013 Details<\/a><\/div>\n

Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure.\u00a0<\/span><\/p>\n

However, this volatility could also lead to downside risks if key support levels are lost. The next few days will be crucial in determining whether AVAX<\/a> can capitalize on the market momentum or face more turbulence.<\/span><\/p>\n

Avalanche Change Of Trend Will Lead To Higher Prices<\/strong><\/h2>\n

The market is at a turning point, as previously fearful investors are starting to feel encouraged by recent price action. Avalanche (AVAX) has surged by 25% from its local lows since September 6 and is now trading at a key level that could determine its price direction for the coming months.\u00a0<\/span><\/p>\n

This crucial level has caught the attention of analysts and investors alike, particularly one prominent analyst, Daan, who shared his technical insights on X.<\/a><\/span><\/p>\n

\"AVAX
AVAX Attempting to break out of the down trend channel. | Source Daan on X<\/a> AVAXUSDT Chart on TradingView<\/figcaption><\/figure>\n

In his analysis, Daan points out a well-defined bearish channel that has held AVAX in a downtrend for several months. However, AVAX is now attempting to break out of this descending channel, a move that could signal the end of its bearish phase.<\/span><\/p>\n

If AVAX successfully breaks the $25 resistance level, Daan predicts the price could quickly move toward $28. This break would represent a significant shift in the short- to mid-term trend, potentially flipping market sentiment and setting the stage for more upside.<\/span><\/p>\n

Related Reading: Cardano (ADA) Whales Securing Gains After 10% Upswing: What\u2019s Next?<\/a><\/div>\n

A successful breakout would likely ignite a fresh wave of buying pressure, with analysts projecting an aggressive rally toward $30 or higher in the coming weeks. The next few days will be crucial, and any failure to break resistance could see AVAX fall back into the bearish channel, retesting lower support levels.<\/span><\/p>\n

AVAX Price Action: Key Levels To Watch<\/strong><\/h2>\n

AVAX is trading at $25.04 after a 4-hour uptrend, marked by higher highs and higher lows. This positive movement followed a break past the 4-hour 200 exponential moving average (EMA), which AVAX successfully tested as support last Thursday, signaling short-term strength. This move has encouraged bullish sentiment among traders.<\/span><\/p>\n

\"AVAX
AVAX 4H uptrend sustained by the 200 EMA as support. | Source: AVAXUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

The following key challenge for AVAX is to break through the $28 resistance level. Doing so would confirm a more significant uptrend and signal a change in structure on higher timeframes, potentially setting the stage for even higher prices in the coming weeks.<\/span><\/p>\n

Related Reading: Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest<\/a><\/div>\n

However, if AVAX fails to maintain its position above the 4-hour 200 EMA, currently at $23.5, the price could experience volatility or a deeper correction, with lower demand levels likely being tested.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead.\u00a0 Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level \u2013 Details Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure.\u00a0 However, this volatility could also lead to downside risks if key support levels are lost. The next few days will be crucial in determining whether AVAX can capitalize on the market momentum or face more turbulence. Avalanche Change Of Trend Will Lead To Higher Prices The market is at a turning point, as previously fearful investors are starting to feel encouraged by recent price action. Avalanche (AVAX) has surged by 25% from its local lows since September 6 and is now trading at a key level that could determine its price direction for the coming months.\u00a0 This crucial level has caught the attention of analysts and investors alike, particularly one prominent analyst, Daan, who shared his technical insights on X. In his analysis, Daan points out a well-defined bearish channel that has held AVAX in a downtrend for several months. However, AVAX is now attempting to break out of this descending channel, a move that could signal the end of its bearish phase. If AVAX successfully breaks the $25 resistance level, Daan predicts the price could quickly move toward $28. This break would represent a significant shift in the short- to mid-term trend, potentially flipping market sentiment and setting the stage for more upside. Related Reading: Cardano (ADA) Whales Securing Gains After 10% Upswing: What\u2019s Next? A successful breakout would likely ignite a fresh wave of buying pressure, with analysts projecting an aggressive rally toward $30 or higher in the coming weeks. The next few days will be crucial, and any failure to break resistance could see AVAX fall back into the bearish channel, retesting lower support levels. AVAX Price Action: Key Levels To Watch AVAX is trading at $25.04 after a 4-hour uptrend, marked by higher highs and higher lows. This positive movement followed a break past the 4-hour 200 exponential moving average (EMA), which AVAX successfully tested as support last Thursday, signaling short-term strength. This move has encouraged bullish sentiment among traders. The following key challenge for AVAX is to break through the $28 resistance level. Doing so would confirm a more significant uptrend and signal a change in structure on higher timeframes, potentially setting the stage for even higher prices in the coming weeks. Related Reading: Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest However, if AVAX fails to maintain its position above the 4-hour 200 EMA, currently at $23.5, the price could experience volatility or a deeper correction, with lower demand levels likely being tested. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":641966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85951],"tags":[84461,91245,90336,87282,83347,90814,86505,83609],"class_list":["post-641957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avalanche","tag-avalanche-avax","tag-avalanche-blockchain","tag-avalanche-news","tag-avalanche-price","tag-avax","tag-avax-bulls","tag-avax-price-analysis","tag-avaxusdt"],"acf":[],"yoast_head":"\nAnalyst Predicts AVAX Breakout: Is $30 The Next Target?<\/title>\n<meta name=\"description\" content=\"AVAX breaks $25 resistance after a 10% surge. Investors watch closely as AVAX aims to break out of downtrend channel. 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His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.","sameAs":["https:\/\/x.com\/thesebasv"],"url":"https:\/\/ktsl888.com\/author\/sebastianvr\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Predicts AVAX Breakout: Is $30 The Next Target?","url":"http:\/\/ktsl888.com\/news\/avalanche\/analyst-predicts-avax-breakout-is-30-the-next-target\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/avalanche\/analyst-predicts-avax-breakout-is-30-the-next-target\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Untitled-design-28.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Untitled-design-28.jpg?fit=1792%2C1024"},"articleSection":"Avalanche","author":[{"@type":"Person","name":"Sebastian Villafuerte"}],"creator":["Sebastian Villafuerte"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche (avax)","avalanche blockchain","avalanche news","avalanche price","avax","avax bulls","avax price analysis","avaxusdt"],"dateCreated":"2024-09-15T05:00:57Z","datePublished":"2024-09-15T05:00:57Z","dateModified":"2024-09-15T05:54:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts AVAX Breakout: Is $30 The Next Target?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avalanche\\\/analyst-predicts-avax-breakout-is-30-the-next-target\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avalanche\\\/analyst-predicts-avax-breakout-is-30-the-next-target\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Untitled-design-28.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Untitled-design-28.jpg?fit=1792%2C1024\"},\"articleSection\":\"Avalanche\",\"author\":[{\"@type\":\"Person\",\"name\":\"Sebastian Villafuerte\"}],\"creator\":[\"Sebastian Villafuerte\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche (avax)\",\"avalanche blockchain\",\"avalanche news\",\"avalanche price\",\"avax\",\"avax bulls\",\"avax price analysis\",\"avaxusdt\"],\"dateCreated\":\"2024-09-15T05:00:57Z\",\"datePublished\":\"2024-09-15T05:00:57Z\",\"dateModified\":\"2024-09-15T05:54:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Untitled-design-28.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641957"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/617"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=641957"}],"version-history":[{"count":4,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641957\/revisions"}],"predecessor-version":[{"id":642006,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/641957\/revisions\/642006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/641966"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=641957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=641957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=641957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}