Avalanche Price Prediction: Is AVAX Going To $50? Binance Coin And Trending New Meme Coin Are Primed For Multiple Xs
The post Avalanche Price Prediction: Is AVAX Going To $50? Binance Coin And Trending New Meme Coin Are Primed For Multiple Xs appeared on BitcoinEthereumNews.com.
The bull rally in the crypto market is in full swing, with Bitcoin making new highs. Avalanche (AVAX) has been in consolidation after creating a swing high of $37.67. The major target for AVAX is $50; the next leg will decide whether it will achieve it. Meanwhile, Cutoshi (CUTO) has been trending worldwide in X (formerly Twitter) for two weeks in a row. The growing demand for CUTO is due to its unique infrastructure and huge growth potential. At the same time, of all the blue-chip cryptocurrencies, Binance (BNB) has been unable to perform in the first leg. Avalanche (AVAX) Trades Near High Eyes Breakout Avalanche’s (AVAX) price dipped during intraday trading but gained positive momentum, signaling a potential rise. The short-term trend remains upward, supported by its position above the 50-day SMA and encouraging RSI signals, which indicate reduced overbought conditions. Additionally, the MACD shows a steady rise in its green histogram, reinforcing a positive outlook for the altcoin. Since reaching its yearly high in March, Avalanche’s price has dropped significantly, hitting a low of $70. However, positive developments have driven the AVAX price to form higher lows in August and accelerate growth in November. It continues to climb steadily, recently breaking through a key horizontal resistance area as it moves closer to its yearly high. Binance (BNB) Scumbs By Bear Force Binance Coin (BNB) is holding steady above $600, trading around $620. The reduction in its volatility, nevertheless, seems to limit the subsequent increase of prices. The price of BNB is gradually moving towards the 50-day moving average since its volatility has not been at a high rate. This low volatility might play a role in the market not having the power for a big price change, which will hinder the price from breaking above $660. However, that…
Filed under: News - @ November 24, 2024 3:16 pm