🚀 AVAX surprises with its rally this year and seems unstoppable.

Key Support Levels: $31

Key resistance levels: $41, $55

1. Price at a critical point

AVAX fully recovered from Monday's crash, when the majority of the market ended in the red. Since then, the bulls pushed the price higher and it is now under the key resistance at $41. This spectacular performance saw AVAX rise 50% compared to seven days ago.

2. Momentum is bullish

It seems unlikely that this rally will stop here, but to continue, key resistance must fall soon. So far, buyers are still very interested in these levels.

3. Unprecedented volume

November and December saw AVAX reach buying volumes not seen since the last bull market. This explains its fantastic rally and places this cryptocurrency in the top 10 coins by market capitalization.

Bullish trend for AVAX

Short-term prediction for AVAX price

Avalanche could quickly reach $55 if the current resistance falls. If this happens, it would bring this cryptocurrency one step closer to a triple-digit valuation, which appears to be within reach by 2024.

Do you think AVAX will reach $55 soon? Comment below! 💬