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<p>Gaming giant Konami has chosen Avalanche (AVAX) for its NFT platform, Resella <a href="https://x.com/WiseAnalyze/status/1803772498749555045" target="_blank" rel="noopener noreferrer nofollow">as reported</a> by Zen, a top crypto analyst. Powered by Avalanche’s Subnet and AvaCloud Web3 launchpad service, this collaboration aims to enhance efficiency and offer lower costs for users. This partnership marks a key step for Avalanche in the gaming and blockchain industries.</p>
<h2 class="wp-block-heading" id="strong-avalanche-avax-price-analysis-strong"><strong>Avalanche (AVAX) Price Analysis</strong></h2>
<p>From a technical analysis standpoint, AVAX is still within a downtrend, according to Zen. Despite the developing weekly candle suggesting potential for a reversal, there is no confirmed trend change yet. The zone around $21-24 could potentially serve as a bottom, indicating a crucial support level for investors.</p>
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<p>Vega, another analyst, shared their investment strategy, <a href="https://x.com/Vega0x/status/1803697139639525685" target="_blank" rel="noopener noreferrer nofollow">highlighting their decision to sell AVAX</a> at $63 and re-enter the market at $28. Currently holding the weekly 50 MA, they identify $20 as a critical support level, aligning with the 2-week 50 MA. This technical setup appears textbook, but may need more time to fully develop.</p>
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<h2 class="wp-block-heading" id="avax-strong-price-prediction-strong">AVAX <strong>Price Prediction</strong></h2>
<p>Moreover, another figure in the crypto space, Planfomo <a href="https://x.com/planfomo/status/1803535256722477387" target="_blank" rel="noopener noreferrer nofollow">observed that Avalanche</a> has formed a head and shoulders pattern, with the price breaking its neckline. If this pattern plays out, the next potential target could be around $21-20.</p>
<p>As of the latest price data from CoinGecko, Avalanche’s <a href="https://www.coingecko.com/en/coins/avalanche" target="_blank" rel="noopener noreferrer nofollow">price is $28.07</a>, with a daily trading volume of $305,090,897.78. This reflects a 2.57% increase in the last day, though it has seen an 11.88% decline over the past week.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/crypto-analyst-makes-shocking-ripple-xrp-price-prediction-10-or-more-coming-sooner-than-you-think/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Crypto Analyst Makes Shocking Ripple (XRP) Price Prediction – $10 or More Coming ‘Sooner Than You Think’</em></strong></a></p>
<p>The partnership between Konami and Avalanche signifies a major step forward for both companies in the evolving blockchain gaming landscape. While the technical analysis indicates potential price fluctuations, the strategic decisions and patterns observed by analysts suggest a critical period for AVAX.</p>
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<p>The post <a href="https://captainaltcoin.com/konami-teams-up-with-avalanche-key-developments-and-price-predictions-for-avax/" rel="noopener noreferrer nofollow">Konami Teams Up with Avalanche: Key Developments and Price Predictions for AVAX</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Konami Teams Up with Avalanche: Key Developments and Price Predictions for AVAX

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