Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»AVAX is likely to hit $40 next, but watch out for these hurdles!
ALTCOIN NEWS

AVAX is likely to hit $40 next, but watch out for these hurdles!

By Crypto FlexsJuly 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX is likely to hit  next, but watch out for these hurdles!
Share
Facebook Twitter LinkedIn Pinterest Email
  • Avalanche prices are likely to rise further in the coming weeks.
  • Higher time frame price charts and liquidity pockets have highlighted potential areas for a trend reversal.

Avalanche (AVAX) is starting to reverse the losses it suffered in May and June. Just a week ago, the move above $30 was a signal of bullish intent, and more gains were likely to come.

However, the higher time frame trend may not be favorable for long-term investors right now. Fibonacci levels provide clues as to where price may move next and what may follow.

AVAX bulls should prepare for profit taking.

Avalanche 1-day price chart

Source: AVAX/USDT on TradingView

At the time of writing, the market structure was bullish on the daily but bearish on the weekly, meaning a move to $40 could be expected before a bearish reversal.

I drew a set of Fibonacci correction levels using the May and June price declines. The 50% level at $32.66 already served as resistance.

The daily RSI was at 51, showing minimal upside momentum after last week’s bounce. OBV was also relatively flat in June, suggesting that the Avalanche bulls are yet to see the strength for a major rally.

Magnetic zones and hints in reverse position

Avalanche Liquidation HeatmapAvalanche Liquidation Heatmap

Source: Highblock

Earlier this month, a liquidity pool of $30.8 pushed the price up. AVAX surged to $33 before falling back. Further north, targets are $34.3, $37.5, and $39.5.


Is your portfolio green? Check out the Avalanche Profit Calculator


There is a risk that the price will form above $30 and go lower, which could increase liquidity in this area.

They matched up quite well with the Fibonacci correction levels described earlier, so swing traders can expect the market structure on the weekly timeframe to remain valid until the $38 level is broken.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Next: Is Solana at Risk of a Price Reversal? What Historical Trends Say

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025
Most Popular

From Solana, FOMO to Fallout: What is the following after 11.5% of SOL?

May 31, 2025

XROSS ROAD publishes a strategic partnership with Allora Network and expands Japanese IP on Web3.

February 18, 2025

The merchant said Bitcoin and Altcoins are “primary to go to the wild with irrational evaluation.”

February 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.