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The exciting rally of AVAX has left investors and spectators in awe, as the price surged by more than 50%, breaking the substantial mark of $22.50. Despite a potential correction in the price in the future, optimistic predictions indicate even more gains and a potential rise above $25. A few positive signals have been notable as the AVAX price held firm above the $20 mark, trading smoothly above $22 and the 100 simple moving average for 4 hours. A significant bullish trend is noted with support around $20.50 on the 4-hour AVAX/USD chart, suggesting more potential ascents if it surpasses the $24.50 and $25.00 resistance levels.
After forming a sturdy base at a level above $10, the AVAX of Avalanche took a major rally and astonishingly outperformed household names such as Bitcoin and Ethereum. A distinct move above the $15 and $20 resistance levels was observed. The price in the last few days escalated by over 50%, surpassing the $22.50 resistance, setting a new multi-week high around $24.70. This resulted in the AVAX prices consolidating gains even though there was a minor fallback below the $22.50 level. Nevertheless, the bulls remained resilient above $20, suggesting potential growth in the future. A surge of over 20% could be expected if the AVAX price is successful in breaking through the resistance around the $24.50 and $25.00 zones, potentially pushing the price slowly but steadily towards the $30 mark.
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