2024

Solana

Avalanche

Avalanche (AVAX) price predictions are turning more bullish in wake of the cryptocurrency recovering back above $30, with analysts increasingly betting that the Avalanche price is nearing a near-term bottom. 
The Avalanche price was last around $30, having bounced more than 10% from earlier weekly lows around $27. 
But the Avalanche price is still down a massive 40% from its December highs above $50. 
Hence, dip buyers are increasingly attracted to the market. 
X account @MTI_Trading bets that the Avalanche price would only need to fall a little more for a good entry point for the bull market. 
<a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AVAX</a> is already 45% down. A little bit more and you have a good entry for the bull run. If you want to be more safe just wait for the next buy signal!<a href="https://twitter.com/hashtag/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw">#Avalanche</a> <a href="https://t.co/eUW2GdMNQz">pic.twitter.com/eUW2GdMNQz</a> 
— Sam Mti (@MTI_Trading) <a href="https://twitter.com/MTI_Trading/status/1749777028738342991?ref_src=twsrc%5Etfw">January 23, 2024</a> 
@BlockVoyager, meanwhile, thinks that the Avalanche price is in a corrective pattern with bullish sentiments, and cites analysts betting on 10x returns. 
Avalanche (AVAX) price analysis indicates potential bottom near as it rebounds from $27.21 low. Technicals suggest corrective pattern with bullish sentiments; analysts anticipate a 10x increase. Despite uncertainties, a breakout from the channel may lead to a 35% surge to $42… 
— BlockVoyager (@BlockVoyagerAIO) <a href="https://twitter.com/BlockVoyagerAIO/status/1750355476850888951?ref_src=twsrc%5Etfw">January 25, 2024</a> 
The corrective pattern they are likely referring to is a short-term downtrend which some technicians might identify as a bullish flag pattern. 
These often signal upside breakouts after a short price correction. 
<h2 id="avalanche-price-prediction-bull-run-on-the-horizon">Avalanche Price Prediction – Bull Run on the Horizon?</h2> 
 Despite having pulled 40% lower from recent highs, at $30, the Avalanche price is still up around 3.5x from its late-2023 bear market lows. 
So, arguably, the cryptocurrency remains very much in a bull run. 
Assuming it can hold above key long-term support in the $22.70 and $24.70 areas, a fast rebound is possible. Avalanche (AVAX) Price Chart / Source: TradingView 
As per <a href="https://avascan.info/stats/network-activity">Avascan</a>, various metrics of on-chain activity on the <a href="https://cryptonews.com/news/avalanche-foundation-unveils-eligibility-criteria-framework-for-acquisition-of-meme-coins.htm">Avalanche network</a> point to continued strength. 
Alongside the likes of the Solana network, <a href="https://cryptonews.com/coins/avax-avalanche/">Avalanche</a> remains one of the strongest alternative smart-contract-enabled layer-1 protocols in the space. 
With the broader market expected to rally this year as new flows enter the space from <a href="https://cryptonews.com/news/we-squandered-a-decade-of-opportunities-to-do-our-job-sec-commisioner-says.htm">spot Bitcoin ETFs</a>, as BTC supply growth slows amid the upcoming <a href="https://cryptonews.com/tags/bitcoin-halving/">issuance rate halving</a>, as the Fed eases financial conditions and as various blockchains like <a href="https://cryptonews.com/news/ethereum-price-prediction-as-dencun-upgrade-approaches-in-january-can-eth-reach-4000.htm">Ethereum deliver important upgrades</a>, the alt-layer-1 protocol narrative could continue to support <a href="https://cryptonews.com/news/while-avalanche-avax-sees-a-surge-investors-turn-their-eyes-to-a-high-demand-presale.htm">Avalanche</a> strongly. 
A new <a href="https://cryptonews.com/news/next-crypto-bull-run-coins.htm">bull run</a> is certainly on the horizon. 
<h2 id="crypto-alternatives-to-consider">Crypto Alternatives to Consider</h2> 
 Avalanche offers huge potential returns but also comes with a lot of risk. 
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in&nbsp;<a href="https://cryptonews.com/news/new-cryptocurrency.htm">crypto presales</a>. 
This is where investors buy the tokens of upstart crypto projects to help fund their development. 
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors. 
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform. 
If an investor can identify such projects, the risk/reward of their presale investment is very good. 
The team at Cryptonews spends a lot of time combing through presale projects to help investors out. 
Here is a list of 15 of what the project deems as the best crypto presales of 2023. 
<a href="https://cryptonews.com/news/new-cryptocurrency.htm">See the 15 Cryptocurrencies</a>

Avalanche Price Prediction as Analysts Suggest AVAX Nearing Bottom – Bull Run on the Horizon?

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