Lokesh Gupta
02-02-2024
$AVAX found support at the 50% Fibonacci retracement level near $28.50, leading to a subsequent 27% price increase.
Following a bullish reversal, AVAX price successfully broke above the falling wedge pattern.
Reclaiming both the $33 mark and the 61.80% Fibonacci level, the #Avalanche price trend sparked a breakout rally in the daily chart.
The recent breakout and sustained position above a critical support level enhance the bullish trend potential.
Continued market recovery may drive AVAX price towards the significant $50 mark, especially with a breakout in the current pattern.
Conversely, a decline below $28 could prompt the Avalanche market price to revisit the breakout level at $24.
As per Coingabbar analysis, Avax #price prediction 2030 is approx $150
KEY LEVELS :
RESISTANCE LEVEL : $45.00-$70.00
SUPPORT LEVEL : $23.00-$9.00
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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