Avalanche

<p>Avalanche (AVAX) has been showing promising signs of a bullish trend, with analysts identifying a potential path to the $71 mark. Several key factors drive this optimism:</p><h3 id="breakout-and-resistance-levels">Breakout and Resistance Levels</h3><p>Avalanche recently broke out of a multi-month descending channel, clearing a significant resistance zone around $24. This area is now expected to act as a demand zone for future rallies. The next key resistance levels to watch are $33 and $17.29.</p><h3 id="technical-indicators">Technical Indicators</h3><p>The daily chart for AVAX shows a bullish market structure with strong momentum. The Relative Strength Index (RSI) indicates that the market is currently in a favorable position for buyers. This positive momentum is crucial for AVAX to reach higher resistance levels.</p><h3 id="market-sentiment">Market Sentiment</h3><p>Market sentiment around Avalanche has been increasingly positive. Open Interest and social media engagement have been trending upward, reflecting growing confidence among traders. This heightened interest is likely to support further price increases.</p><h3 id="development-activity">Development Activity</h3><p>Despite a slight dip in development activity in September, Avalanche’s overall development activity has remained steady. This consistency is encouraging for long-term investors, as it suggests ongoing improvements and innovations within the Avalanche ecosystem.</p><p></p><p>The post <a href="https://cryptosnewss.com/is-avalanche-avax-the-next-big-crypto-experts-predict-a-surge-to-71/" rel="noopener noreferrer nofollow">Is Avalanche (AVAX) the Next Big Crypto? Experts Predict a Surge to $71</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p>

Is Avalanche (AVAX) the Next Big Crypto? Experts Predict a Surge to $71

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