Avalanche (AVAX) ready for a rally: Famous analyst comments

What did analysts say about Avalanche (AVAX), which accelerated by surpassing a critical resistance level?

Avalanche (AVAX), showing an increase of over 20% in the last 24 hours by surpassing an important resistance level. This rapid rise has rekindled rally expectations among analysts and investors. Now, attention is turning to whether AVAX will test $50 in the coming days. Breaking this level could trigger a new bull run in the pair.

The $50 level will be decisive for AVAX.

Crypto analyst Kaleo noted that a major rally could be triggered if AVAX surpasses $50. Kaleo stated that this psychological and technical level needs to be broken with a high volume for the rise. This breakthrough could push the price towards the $50 range.

Avalanche's recent performance is progressing in line with the bull cycle of the crypto market. If AVAX can hold above current levels, it has the potential to continue the uptrend. However, the possibility of encountering selling pressure around the $50 level should not be overlooked.

Is a big rally on the horizon for Avalanche?

Avalanche appears to be on the verge of a major rally, following a pattern similar to a bull cycle. The price has strongly surpassed resistance levels and is now only 15% away from the $50 level. This level is catching the attention of both traders and analysts, and breaking above this level could be the beginning of an aggressive rise.

In his analysis of AVAX/BTC pair, Kaleo also pointed out a similar bullish pattern. The analyst predicts that if the momentum continues, AVAX could rapidly reach $100.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.