Avalanche

<ul><li>AVAX holds at key support, showing a Dragonfly Doji that could signal a potential bullish reversal.</li><li>Analyst sets ambitious targets at $130 and $230, signaling strong upside potential.</li><li>A surge in trading volume suggests growing investor interest as AVAX tests critical support around $21.</li></ul><a href="https://cryptotale.org/california-dmv-revolutionizes-car-title-transfers-with-42m-titles-digitized-on-avalanche/" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) is showing signs of a potential bullish reversal, according to a recent chart shared by CryptoBullet. The AVAX/USDT weekly chart indicates that the cryptocurrency is sitting at a key horizontal support level. This level has historically played a significant role in influencing price movements. Now, it may be setting the stage for a potential upward trajectory.CryptoBullet, a well-known analyst, highlighted this critical support level in their recent post. The chart demonstrates AVAX&#39;s interaction with this support, which has managed to hold up despite the recent downturn. More importantly, the chart features a Dragonfly Doji candle formation, which often signals a reversal in the market. In the context of AVAX, this pattern could suggest that the bearish trend might be coming to an end.The Dragonfly Doji pattern is a key technical indicator. It forms when the open, high, and close prices are all near the low of the day. This specific formation on AVAX’s chart indicates strong buying pressure at the support level, which could push prices higher in the near term. Historically, such patterns have been reliable predictors of trend reversals, making this an exciting development for <a href="https://cryptotale.org/avax-vs-xlm-which-coin-is-set-to-dominate-expert-insights/" rel="noopener noreferrer nofollow">AVAX</a> holders.The analyst&#39;s analysis goes beyond identifying support and the Dragonfly Doji. The analyst has also set ambitious price targets for AVAX. According to the post, the next potential targets for AVAX could be $130 and $230. These targets are significantly higher than the current price level, indicating a potential for substantial gains if the reversal materializes.<a href="https://cryptotale.org/analyst-predicts-avax-surge-targets-set-at-130-and-230/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Predicts AVAX Surge: Targets Set At $130 and $230

CryptoTale

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