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Avalanche

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<p>By recording 5 consecutive days of positive price action, the Avalanche price is on the verge of achieving the $30 mark. Notably, the 12th largest cryptocurrency by market cap has added ~20% this week, making this the first such bullish week since August.</p>  
<p>With Bitcoin price achieving a new ATH each day, will the altcoin market continue experiencing a bullish rise? Further, with the AVAX price achieving its key target, will it slingshot to $50 during the upcoming time?</p>  
<h2 class="wp-block-heading" id="h-avax-coin-on-the-path-of-a-multi-month-breakout">AVAX Coin On The Path Of A Multi-month Breakout?</h2>  
<p>The Avalanche price has added 4.98% to its portfolio in the past 24 hours with a trading volume of $480.31 million. Moreover, it has added 18.91% over the past week and 12.21% during the past 30 days.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/09182946/image-125-1024x541.png" alt="Avalanche Price Analysis 09th November 2024" class="wp-image-377953">
 <figcaption class="wp-element-caption">
  TradingView: AVAX/USDT
 </figcaption>
</figure>  
<p>The Relative Strength Index (RSI) has successfully retested its oversold range in the 1D time frame. This has resulted in it recording an aggressive rise toward the overbought range.</p>  
<p>The EMA 50/200-day hints at a potential Golden Cross in the Avalanche price chart. This suggests an increase in the bullish sentiment for the altcoin in the upcoming time.</p>  
<h2 class="wp-block-heading" id="h-avax-price-to-retest-40-this-month">AVAX Price To Retest $40 This Month?</h2>  
<p>If the bulls achieve the $31.50 mark, this could result in the Avalanche price heading toward its upper resistance level of $39.30. Maintaining the price above that level could push the price toward its target price of ~$50 in the upcoming weeks.</p>  
<p>However, if this altcoin experiences a sell-off or investors liquidate their holdings to book profits, this could result in it retesting its low of $24.</p>  
<p>Curious about the long-term targets of this altcoin? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX) Price Prediction</a> to uncover the possibilities!</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731157190371"><strong class="schema-faq-question"><strong>Is AVAX still a good buy?</strong></strong>
  <p class="schema-faq-answer">It is currently trading at a discount of ~80% from its ATH, making it a potential buy for the long-term perspective.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731157191161"><strong class="schema-faq-question"><strong>What is the Avalanche price?</strong></strong>
  <p class="schema-faq-answer">With a 24-hour jump of ~5%, this altcoin is currently valued at $29.55.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731157191856"><strong class="schema-faq-question"><strong>Can AVAX reach $100?</strong></strong>
  <p class="schema-faq-answer">If the bullish sentiment sustains, Avalanche price may achieve this target price next year.</p>
 </div>
</div>

Avalanche Price Eyes $50, 2X Run Inevitable For AVAX Price?

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