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Avalanche Flashing Major Bullish Signals: Here are the Upper Targets for AVAX Price Rally for 2025
The crypto market is witnessing a significant increase in volatility, with many altcoins attempting to push past their resistance levels. Amidst this chaos, Avalanche (AVAX) has emerged as one of the top performers, flashing major bullish signals that could propel it towards new heights in the coming year.
In recent days, AVAX has shown resilience and managed to hold its ground despite a significant upward pressure. Although it failed to validate a strong rebound towards its yearly highs, the token’s potential for growth remains unparalleled. It is essential to note that if the bulls can revive a 12% rise from the current levels by the end of this year, AVAX could potentially trigger a decent bullish start.
Despite the market volatility, many analysts believe that Avalanche will not be left behind. In fact, most predictions suggest that it has huge potential and will continue to defend its support levels. The token’s price action is primarily influenced by the broader sentiment in the crypto space.
It is crucial for traders to keep an eye on the current market trends before making any investment decisions regarding AVAX. The token’s price is expected to maintain a sluggish trend until it receives enough volume favoring the bulls. Until then, traders may see a pullback of around 10% as the market continues to be indecisive.
On the other hand, some analysts believe that AVAX could potentially rise above $50 and head towards a higher target in the coming year. However, sustaining above $42 by the end of the year in the first few days of 2025 is crucial for any bullish momentum.
Source: coinpedia.org
