Avalanche (AVAX), which stepped on the gas with the rise of Bitcoin (BTC) to $ 38 thousand 800, managed to overcome a critical resistance.
BTC, the leader of the cryptocurrencies, which hit $ 38,800 in the past hours, directly followed the altcoin market. Avalanche, which fell below a significant level a few days ago, rebounded with this price action of BTC. To what levels can we observe increases in AVAX, where buyers take control? To which price zones can retreats be expected for purchases?
$20 volume exceeded: What’s next?
AVAX, which reached significant levels a few weeks ago with the craze created by StarsArena, retreated a significant amount as interest in the project decreased. However, the relentless rise of BTC naturally pushed AVAX to the upper levels again. The major coin, which continues its main trend upward even if it makes intermediate corrections, finds buyers at $ 22.35 as of the writing of the news. The positive price course in BTC, good news from the ecosystem or the dominance of the parity above $ 22.31 may pave the way for an increase towards $ 22.74 – 23.25 and $ 24.04, respectively.
Situations such as the Avalanche ecosystem remaining in the background compared to projects such as Solana and Cosmos, BTC retreating to $ 35,000 or AVAX trading below $ 22.31 will strengthen the sellers’ hand. In such a scenario, there may be declines to 20.98 – 20.42 – 20 – 19.47 and 18.89 dollars respectively. A new downward trend may be triggered, especially with the breakdown of $18.98.
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