Bullish Avalanche (AVAX) Will Hit $71 Soon?

Top 5 Low Cap Projects on Avalanche Ecosystem
  • Avalanche’s first desktop wallet launched version 2.0.
  • AVAX price will also hit its strong resistance level of $71 soon.
  •  we can also expect AVAX price may regain its lost position.

A layer one blockchain that functions as a platform for decentralized applications (dApps) and custom blockchain networks is Avalanche. Recently, Avalanche’s first desktop wallet launched version 2.0. The new features in version 2.0 are quite compatible with all the DApp on Avalanche blockchain. With this new update, Avalanche (AVAX) could climb up to its peak in the forthcoming days. Avalanche’s (AVAX) price will also hit its strong resistance level of $71 soon.

Accordingly, in the time of mid-may, the AVAX price experienced a huge crash after this now the asset went parabolic. After witnessing the ups and downs, AVAX has shown a bullish sign and surge over $60. Eventually, with the latest drop and corrections, the AVAX price chart has formed the w-shaped pattern and broke the resistance level, and moved upwards.

Furthermore, since the mid of August, the AVAX platform has undergone an immense surge of volume, which has given huge confidence and a boost to the price. After the recent up and downs from $60 to nearly $50 and also reached the resistance level. Therefore, as forementioned, AVAX formed a w-shape. Henceforth, with a recent gain in AVAX price, the asset broke the next resistance level and moved towards a strong resistance level at $71. If it breaks the resistance level then we can expect a new all-time high (ATH) soon.

AVAX Current Market Status 

As per CoinMarketCap, AVAX’s price has been trading at $66.73 with a 24-hour trading volume of $539,966,583. AT press time, in the last 24 hours, AVAX price has increased by over 1.90%. The circulating supply of AVAx is 220,286,577.21 AVAX. It can be traded in top crypto exchanges such as Binance, Coinbase, Huobi Global, Bitfinex, Gate.io, Kucoin, and more.

More so, currently, the chart displays an ascending channel pattern, if this trend continues then the levels at 1.4 FIB levels at $126 could be an achievable target. And we can also expect Avalanche’s (AVAX) price may regain its lost position and reach more heights will the new ATH.

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