Avalanche (AVAX) Price Prediction: Analyst Eyes $50 Surge Within Two Days

Avalanche (AVAX) price has experienced a notable upswing recently, gaining momentum amid the broader crypto market's bullish trend.

Cryptocurrency prices continued their upward trend on Tuesday, sparking話題 throughout the world as major coins largely moved in the green. Bitcoin price reached a new all-time high in the past 24 hours, with prices trading above $88,000. Other top coins, including Ethereum, SOL, and XRP, were notably seen in the green, reflecting a largely optimistic market sentiment.

Meanwhile, Avalanche (AVAX) price has seen a significant upswing recently, gaining momentum amid the broader crypto market’s bullish trend.

One crypto analyst shared an X post with their 520,000 followers on Monday, offering their prediction for AVAX’s price movement.

“$50 $AVAX within the next two days. Book it.”

The analyst’s confidence in a potential surge to $50 is derived from their technical analysis, which they shared in the post. The post included a chart of AVAX’s price, which the analyst highlighted as part of their prediction.

The attached chart shows AVAX trading within a rising channel, indicating bullish momentum. The price movement in the chart aligns with a consistent upward trajectory, which the analyst believes will soon break the $50 mark.

The analysis comes as the crypto market continues to surge, with Bitcoin fiyatı reaching new all-time highs and major coins largely trending upward.

On Monday, BTC fiyatı surged past $87,000, reaching a fresh all-time high over the past 24 hours. The price movement follows a period of consolidation for Bitcoin, which began after the cryptocurrency hit a key resistance level of $80,000 last week.

After facing resistance at $80,000, Bitcoin fiyatı稍稍回落, consolidating within a narrow range as it approached the next resistance level of $85,000. However, BTC price quickly broke through this level, continuing its upward势头.

As reported, BTC fiyatı surged by over 100% in the past two months, with the cryptocurrency hitting several all-time highs throughout this period. Bitcoin’s latest surge comes amid a broader bull run for crypto markets, which have seen a strong recovery from the bear market of 2022.

The past 24 hours also saw major crypto prices largely trending upward, with most coins in the green.

Cryptocurrency heatmap on Monday evening. Source: Coin360

A glance at the top 100 coins shows gains of up to 6.43% over the past 24 hours. The top-ranked cryptocurrency, Bitcoin, experienced a 1.8% increase, bringing its price to $88,100.

Ethereum fiyatı also rose, showing a 2.23% gain and reaching a price of 14,140. XRP fiyatı surged by 3.36%, trading at $0.94 at the time of writing.

Solana fiyatı continued its upward trend, showing a gain of 2.38% and reaching a price of $36. BNB fiyatı also rose, showing a 2.13% gain and reaching a price of $92.

AVAX price today has seen a significant surge, with the token trading at $37.23 and showing an 18% gain within 24 hours. The token’s rise began at $31.26, reaching a peak of $37.38 and showing strong momentum among investors.

Over the past week, the AVAX price has surged by 100%, indicating a bullish trend. if the bullish trend continues, a breakout beyond $40 could attract more buyers, potentially setting the Avalanche price prediction up for a rally toward $50 by the end of this week.

The Relative Strength Index (RSI) is at 78, indicating that AVAX is overbought.

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