The post Can Avalanche Price Hit $50 By End Of September? appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) price, a layer-one blockchain, is witnessing a resurgence in its bullish trend, according to recent technical indicators. The price of AVAX is currently exhibiting a robust upward trajectory, buoyed by broader market recoveries. This positive momentum comes as the cryptocurrency market overall shows signs of revitalization.  With increasing pressure from bullish investors, AVAX is positioned for potential further gains, signaling strong optimism among traders and market analysts alike. Avalanche Price Eyes 97% as ParaFi Innovates Avalanche price has seen a notable increase of 15% this past week, driven by innovations in tokenization and a buoyant crypto market. In a collaborative effort, ParaFi Capital and Securitize have successfully tokenized a portion of ParaFi’s venture fund on the Avalanche blockchain.  This strategic move enhances transparency and allows more investors to engage with ParaFi’s venture strategies. Such developments are timely as the sector for tokenized assets continues to expand.  Moreover, the broader crypto market is also performing well, with Bitcoin price surpassing the $60,000 mark and Ethereum up by 4%. These factors collectively suggest potential further gains for Avalanche in the near future. Avalanche price experienced significant movement, indicating a bullish trend in the past 24-hours. As of the reporting time, the AVAX price hovered at $24.88, surging 4.46% during the U.S. trading hours.  The cryptocurrency’s price chart shows a notable recovery from a daily low of $23.69, reaching a high of $25.09 before stabilizing near the current price. The overall market sentiment appears positive as the volume and price action suggest increased buyer interest. AVAX Nears Critical $30 Price Level, Eyes Higher Targets The daily technical indicators for AVAX show a consolidation pattern over the recent weeks with an emerging bullish signal. Additionally, the Awesome Oscillator indicates a positive momentum as the bars transition from red to green, reinforcing the…

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Filed under: News - @ September 14, 2024 8:16 am