Today let’s take a look at the AVAX cryptocurrency chart, the price of which has almost doubled in a month.
But first let’s take a look at the previous forecast of the cryptocurrency AVAX, where the white route with a projected growth from $40 to $140 fully worked out
As you can see from the AVAX chart, before strong growth impulses, the price likes to stay for a long time in consolidation and in the form of a bullish flag.
We assume the same correction at this stage.
AVAX Cryptocurrency – Three main price movement scenarios
- The price will break and consolidate above $100 in the coming days, or there will be a shallow correction, not below $76 – an open path for growth with the first target of $200-210
- a deeper correction of the cryptocurrency AVAX, but without updating the minimum of this year, ie, not below $60. Fixing above this level will open the way for growth also with the first target of $200-210.
- A deep and prolonged correction to the $40-45 area from where we got the previous growth. This is a strong mirror level and if the buyers become aggressively active there again and show their serious intentions, it will be possible to buy a large position. The target for growth is $400+ for AVAX, which is a very ambitious x10 from the buying zone.