The analyst, who goes by the nickname Altcoin Sherpa, believes that the Avalanche price could trigger a major rally for one main reason. The analyst’s initial target for the rally is an increase of around 12%.
Friend.tech rival Stars Arena, a decentralized social finance app (SocialFi), analyst says AVAX He stated that Avalanche has been on an upward trend following its launch on the blockchain. As Koinfinans.com reported, Friend.tech was launched on Coinbase’s Base blockchain and managed to become popular in a short time.
As a result, the analyst’s first expectation for the Avalanche price is to reach the price of $ 12.
Looking at its chart, the trader predicts that Avalanche will face resistance around its current value and drop to $10.20 before surpassing $12 in November. AVAX is valued at $10.66 at the time of writing and is up 4.7% in the last 24 hours.
According to Trader, it remains unclear whether Stars Arena has a strong future.
The trader then concluded his predictions by sharing his prediction that Ethereum rival Solana (SOL) will likely break lower before another upward move.
I’m confident these lows will come for Solana. As long as Bitcoin holds, it could be a good dip buying opportunity. These areas are between 21-22 dollars.
