AVAX HEADING TO 60 USD
2024-11-23

The AVAX (Avalanche) price projection for December 2024 and beyond paints a multi-pronged picture:

- **Short-term**: There are analyses suggesting that AVAX could reach $33, based on the opportunity to fill lucrative liquidation gaps at its current level and with strong support zones that could push the price up.

- **Medium-term**: Some analysts and users on X have mentioned targets like $42, with key resistances at $30.57 and $42. If the market maintains its bullish trend without significant corrections, it is expected that AVAX could go towards $65, $100, or even $150.

- **Long-term**: Forecasts indicate that AVAX could target levels like $120+ in the coming months, with other more optimistic analyses suggesting that it could reach a new all-time high (ATH) near $183. However, these projections are subject to market volatility and macroeconomic factors such as Federal Reserve interest rate policies.

- **Technical Analysis**: A falling wedge pattern has been observed, which, if broken, could indicate strong bullish momentum. In addition, there is talk of a "Bull Pennant" pattern that could precede a further significant rise.

It is important to remember that cryptocurrencies are extremely volatile and these projections are based on technical analysis and current market sentiment, which can change quickly. For investment decisions, it is always advisable to consider multiple sources of information and not rely solely on predictions or market analysis.  COINBASE:AVAXUSD  