2024

Resistance

Avalanche

<ul class="list-ic vertical">
 <li><span>1</span> <a>Avalanche price prediction for January and February 2024 is mildly bullish and may touch $50.00.</a></li>
 <li><span>2</span> <a>AVAX price took support near $30.00 and reversed upward.</a></li>
 <li><span>3</span> <a>The chart pattern of Avalanche crypto is favoring bulls and strength is visible.</a></li>
</ul>
<p>Avalanche price predictions for January and February 2024 stay bullish and suggest buyers will dominate. It took support near the $50.00 level and reversed upward with a decent buying volume.&nbsp;</p>
<p>The chart structure of the AVAX indicates that the short-term correction is about to end. The buyers are getting active from the support and trying to regain the confidence of investors.&nbsp;</p>
<p>This coin is trading above the 50-day EMA and the 200-day EMA denotes uptrend. The recent move looks reliable and powerful. It seems like the bulls are strengthening their grip and more scope for the upside is open.&nbsp;</p>
<p>Since the beginning of January, the AVAX coin price has been attempting to break out of the $40.00 hurdle. However, sellers were active and kept rejecting the price. However, the price did not decline much and took support near the EMA.&nbsp;</p>
<p>The buyers came forward and gave a short-term bounce. It seems like buyers are preparing for another attempt at the breakout.&nbsp;</p>
<p>Currently, <a href="https://www.thecoinrepublic.com/2024/01/06/avalanche-price-prediction-will-avax-crypto-bounce-back/" target="_blank" rel="noopener noreferrer nofollow">Avalanche</a> coin price is trading at $39.06 with a one-day decrease of -0.59%. In the last 24 hours, the volume-to-market cap ratio stands at 0.0786.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-avalanche-price-hit-50-by-february-2024-strong"><strong>Will Avalanche Price Hit $50 by February 2024?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/FeDAwzHTjkZSIKADx2MpePKM1uVqaJUArQUcg_WIKaML6C7W-zPHKeUGI0c9je8nCdAdO0hE0MYJJIohM4vjYf_7KtTbvsD1RfyUYLOjWPnpitRZMXJgxJqwCosSwrCe6QBqZN0xpIo8_Ifd5xzGxxw" alt="Avalanche Price Defends $30; Will AVAX Go Beyond Dec 2023 High?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/VzmmzREL/" rel="noopener noreferrer nofollow">AVAX/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>Avalanche price is on the buyer’s radar and new participants seem to be building fresh long positions. If the bullish momentum continues and buyers are able to push the price above $40, a sharp rise of 10% to 14% might be visible.&nbsp;</p>
<p>Moreover, if the price sustains above the $40.00 level, the probability of hitting $50.00 will substantially increase. Till <a href="https://www.thecoinrepublic.com/2024/01/06/avalanche-price-prediction-will-avax-crypto-bounce-back/" rel="noopener noreferrer nofollow">AVAX</a> crypto trades above $30.00, investors may look for buying opportunities because it might be a good pick for the long term.&nbsp;</p>
<p>The analysis suggests that the crypto can rise further and reach the $50 mark by the mid of February 2024.</p>
<h3 class="wp-block-heading" id="strong-avax-will-history-get-repeated-strong"><strong>AVAX: Will History Get Repeated?</strong></h3> 
<div class="tradingview-widget-container">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:AVAXUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script>
</div> 
<p>AVAX crypto performed well in 2023 and generated a nominal return for its investors. Hopefully, history will repeat and this coin may show outperformance in 2024.&nbsp;</p>
<p>At present, investors are slowly and steadily accumulating the coin at a cheaper price. If the $40.00 breakout happens, the next phase of the bull rally may trigger. Therefore, it’s better to play bullish bets in Avalanche and participate in the upcoming bull run.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4>
<p>Avalanche price prediction stays bullish for the coming few months. It might display a $40.00 breakout, which will fuel the rally. The analysis says that AVAX is trading at a cheaper price and is good for long-term investment.&nbsp;&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $43.49 and $49.95</li>
 <li>Support levels: $30.99 and $24.29</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Avalanche Price Defends $30; Will AVAX Go Beyond Dec 2023 High?

Table of Contents

Thecoinrepublic.com

Other articles published on Jan 12, 2024

Surge in Lido DAO Token (LDO) Performance: A Snapshot of Success

Bitcoin Exchange Binance Announces It Will Support Network Upgrade and Hard Fork of This Altcoin!

Franklin Templeton Boosts Edge With Spot Bitcoin ETF Fee Slash

Tron finally crosses this key milestone with another one in view

JPMorgan Doubts May Approval for Spot Ethereum ETF

Vanguard blocks spot Bitcoin ETF purchases

Join our free newsletter for daily crypto updates!