COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Contrasting Surge in AVAX Coin Amid Cryptocurrency Market Fluctuations
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Avalanche (AVAX) > Contrasting Surge in AVAX Coin Amid Cryptocurrency Market Fluctuations
Avalanche (AVAX)

Contrasting Surge in AVAX Coin Amid Cryptocurrency Market Fluctuations

In Brief

  • AVAX coin's contrasting surge amid market fluctuations.

  • Analysts predict potential tests of $53 coin price.

  • Downward momentum could result in a pullback to $24-$22.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

We sometimes see interesting repetitions in cryptocurrency markets. Today’s contrasting rise in the price of AVAX is one such example. If you recall, at the beginning of 2023, while other cryptocurrencies were falling, Avalanche (AVAX) was leading the charge even before the major New Year’s rally had begun. If history is repeating itself, other cryptocurrencies could continue to rally where the rise in AVAX has stopped.

Contents
Why AVAX Coin RoseAVAX Coin Price Prediction

Why AVAX Coin Rose

Today, while BTC fell below $42,000, the popular cryptocurrency continued the day with double-digit gains. The price was $36.3 at the time of writing and the daily peak was $37.99. The reason for the rise at the beginning of 2023 was the announcement of partnerships with technology giants. However, the reason for today’s recovery is different.

For the first time since Emin Gün Sirer’s layer1 project StarsArena, it has been able to diverge so positively. What triggered AVAX Coin’s rise was the breaking of the 750-day resistance trend line. The resistance coming from the ATH level collapsed after 750 days. Generally, such long-term breakthroughs bring about large and stable rallies.

RSI is rising and is above 50. However, the price has pulled back slightly due to profit-taking sales.

AVAX Coin Price Prediction

After the last surprise rally, analysts’ agenda naturally included the AVAX Coin price. An analyst named JJJCycles stated that there was a significant breakout and now $53 could be tested. Crypto Ryan, reminding that the price has increased over 150% since his previous call, reiterated his $55 target.

An analyst named Shuarix wrote the following;

“If the expected increase in volume occurs, it is likely to break the resistance line above.”

The Elliot wave count on the daily chart shows us that the AVAX Coin price is in its fifth and final wave. If the upward momentum continues, the predicted peak target is at $44.

If it rises above the peak point of the fifth wave, it could extend to the final peak of $58. For this, the BTC price will have to reverse its direction and probably the fear of the Fed will have to pass.

In the negative scenario, if $44 is not exceeded, a pullback to the horizontal support area between $24-22 is likely.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Unlocking Financial Efficiency: How Avalanche is Reshaping Traditional Finance

Watch AVAX Soar: Major Price Predictions Ignite New Interest

Grayscale’s Avalanche ETF Proposal Sparks Excitement in the Crypto Market

Unlock AVAX Potential: ETF Applications Spark Interest in Crypto Market

VanEck Files for Avalanche ETF, Sparking Price Surge and Investor Interest

COINTURK NEWS 11 December, 2023 - 9:49 pm 11 December, 2023 - 9:49 pm
Share This Article
Facebook Twitter
Share
Previous Article Disruptive Crypto Law and Its Effects on Bitcoin
Next Article FIFA to Release Limited NFTs Offering 2026 World Cup Final Tickets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cryptocurrency Expert Bluntz Predicts Rally for SPX6900 and WIF
Altcoin News
Cryptocurrency Trends Take a Twist: What’s Next for Bitcoin and Altcoins?
Cryptocurrency News
Ripple Faces Crucial Court Deadline as SEC Submission Looms
Ripple (XRP)
Trump Shakes the Cryptocurrency World with Controversial Bill Proposal
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?