United States Dollar - Bitcoin /BTC

Will AVAX hit $33 or crash again?

[cryptoalerts]

Avalanche (AVAX) has caught the attention of investors with a strong price surge. Let’s break down what’s happening in this Avalanche Price Prediction 

1. Recent Price Surge

1. AVAX saw a 12% price increase, pushing it to a three-week high of $26.67. Nearly 50% of AVAX holders are now in profit after this move.

1. Resistance Ahead
   While this is great news, AVAX is nearing a resistance zone between $27.92 and $30.14. Breaking past this could lead to a rise up to $33. But if the momentum fades, it may drop below $22.82, with the potential to fall as low as $19.50.

2. What’s Driving the Surge?
   The recent bull run is fueled by the Federal Reserve's interest rate cut and impressive growth in Avalanche’s DeFi ecosystem. Over the last week, AVAX has surged 17%.

3. Can This Momentum Last?
   Analysts are predicting potential gains of up to 245% in the next three months, but some caution that this rally might be followed by a decline.

So, the big question is: Can AVAX sustain this momentum, or are we in for another dip? Time will tell.