Based

bullish

Avalanche

<p>With a rounding bottom breakout rally in the AVAX price trend gaining momentum, the bulls are back at play. As the $40 breakout is inching closer to surpassing the $50 psychological mark, buyers anticipate a new 52-week high.&nbsp;</p>   
<p>Will the recovery run in Avalanche result in a new peak at $70? Find out more in our AVAX price analysis.</p>   
<h2 class="wp-block-heading" id="h-avax-breakout-run-eyes-50">AVAX Breakout Run Eyes $50</h2>   
<p>In the daily chart, the AVAX price trend shows a rounding reversal, gaining momentum. Currently, the AVAX price trend showcases a bullish breakout of the $40 mark, gaining momentum.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/27162839/HQ6EV7BQ-1024x509.webp" alt="AVAX price chart" class="wp-image-386046">
</figure>   
<p><a href="https://www.tradingview.com/x/HQ6EV7BQ/" target="_blank" rel="noreferrer noopener nofollow">Tradingview</a></p>   
<p>The ongoing recovery trend has breached the long-standing neckline and is now giving a post-retest reversal. Over the past three weeks, the altcoin has increased by nearly 90%.&nbsp;</p>   
<p>With multiple low-price rejection candles, the post-retest reversal in AVAX is gaining momentum with a nearly 5% surge in the past 24 hours. Currently, the Avalance token is trading at $43.07 with an intraday gain of 0.89%, marking the second consecutive bullish candle.&nbsp;</p>   
<p>With the post-retest reversal gradually gaining momentum, the AVAX price analysis showcases a high possibility of a bullish continuation.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-technical-analysis">Technical Analysis</h3>   
<p><strong>EMA: </strong>The 50-day EMA diverges after the recent golden crossover. Meanwhile, the 100-day and 200-day EMA are giving a bullish crossover, increasing the upside chances.&nbsp;</p>   
<p><strong>MACD: </strong>The MACD and signal line reveal a healthy bullish trend at play as they maintain a positive alignment. Furthermore, the mildly intense bullish histograms keep the bull run at play.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-avax-price-top-70">Will AVAX Price Top $70?</h2>   
<p>Based on the price action analysis, the upside price targets for AVAX are at $51.8 and $60.75. Furthermore, amid the rounding-bottom breakout, the upside chances for a new 52-week high have significantly increased.&nbsp;</p>   
<p>Hence, the market could witness the token price surpassing $65.38 to reach the $70.09 peak by the end of December. On the flip side, the crucial support remains at $36 and $32.</p>   
<p>Curious to know if AVAX will reach $200. Find out more in Coinpedia’s latest <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noreferrer noopener">AVAX Price Prediction</a>.</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-1732705158006">
  <strong class="schema-faq-question"><strong>1. What factors are contributing to AVAX's recent bullish momentum?</strong></strong> 
  <p class="schema-faq-answer">AVAX's bullish momentum is driven by a rounding bottom breakout pattern, a strong post-retest recovery, positive signals from technical indicators such as EMA golden crossovers, and an upward-trending MACD.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732705166925">
  <strong class="schema-faq-question"><strong>2. Which price levels are crucial resistance points for AVAX in its current rally?</strong></strong> 
  <p class="schema-faq-answer">The critical resistance levels for AVAX are $51.8 and $60.75, with a potential upside target of $70.09 if the bullish trend sustains.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732705167386">
  <strong class="schema-faq-question"><strong>3. What conditions could lead to a reversal in AVAX's bullish trend?</strong></strong> 
  <p class="schema-faq-answer">A reversal in AVAX’s trend could occur if the price falls below the significant support levels of $36 and $32, signaling weakening bullish momentum and a potential bearish shift.</p> 
 </div> 
</div>

Will AVAX Price Hit $70 After Bullish Breakout?

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