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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-the-rising-appetite-for-cryptocurrencies-and-avax-price-movements/" data-wpel-link="internal">Insights on the Rising Appetite for Cryptocurrencies and AVAX Price Movements</a> 
<a href="https://en.coin-turk.com/bitcoin-btc-current-status-what-do-the-latest-data-tell-us/" data-wpel-link="internal">Cryptocurrency</a> interest is growing as <a href="https://coin-turk.com/blackrock-onemli-esigi-asti-kripto-icin-neden-onemli" data-wpel-link="internal">BTC</a> prices frequently reach new highs, now above $72,000. After tough bear markets, trading volumes have also increased significantly from the $10 billion levels. We may now be entering a period of accelerated rallies for altcoins. 
<h2 style="text-align: justify" id="avax-coin-commentary">AVAX Coin Commentary</h2> 
At the time of writing, the <a href="https://en.coin-turk.com/sharp-increase-in-avalanche-avax-token-burn-rate-2/" data-wpel-link="internal">AVAX</a> price has increased by more than 10%, trading at $48.8. The price has broken through the $44 resistance in the last 24 hours, signaling that it’s its turn to rise. However, the crucial factor will be AVAX’s ability to close above the key $50 resistance level. 
More than 300,000 AVAX investors hold approximately 9.16 million AVAX worth over $436 million, with a cost basis between $50-53. This resistance is significant due to this and the short-term profit-taking seen around the critical area. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-326052 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/AVAX-Yatirimci-Maliyet.webp" alt="" width="1536" height="482"> 
However, if AVAX bulls can convincingly break through the $50-53 range, the bulls who believe in a major breakout may hold off on selling, allowing the uptrend to continue. We’ve seen this pattern recently in many cryptocurrencies, setting the stage for parabolic rallies. 
<h2 style="text-align: justify" id="avax-price-prediction">AVAX Price Prediction</h2> 
The popular <a href="https://coin-turk.com/analistten-ethereuma-eth-iddiali-hedef-duzeltme-tamamlandi" data-wpel-link="internal">Ethereum</a> competitor is near the $50 mark, with the RSI just below the overbought territory. Considering the double-digit price increase in the last 24 hours, there’s enough room for more short-term investors to join, fearing they might miss out. This could support a rally above $50. 
The MACD is indicating an uptrend for the first time in four months. If the $50-53 range is surpassed, we might see the price heading towards targets of $58.85 and $70. Beyond that, peaks of $81 and $98 could come into play. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-326053 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/AVAXUSDT_2024-03-12_02-59-16.png" alt="" width="1814" height="836"> 
However, if the resistance test fails, a pullback to $44 and $38 wouldn’t be surprising. The Asian markets will open soon, which could increase market volatility. <a href="https://coin-turk.com/tufe-oranlarinin-bitcoin-btc-uzerindeki-etkisi-yukselis-surecek-mi" data-wpel-link="internal">Bitcoin</a> is above $72,000 at the time of writing. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-the-rising-appetite-for-cryptocurrencies-and-avax-price-movements/" data-wpel-link="internal">Insights on the Rising Appetite for Cryptocurrencies and AVAX Price Movements</a></h5>

Insights on the Rising Appetite for Cryptocurrencies and AVAX Price Movements

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