Avalanche (AVAX) attracted attention by experiencing a significant increase in investor activity. It increased by 11.3% in the last 24 hours and 37.3% in the last seven days. It has also increased by 56% in the last 30 days. The price of AVAX is up 250% since last year.
If this upward trend continues, could AVAX reach the $80 level this weekend?
According to data from Changelly, on March 22, 2024 AVAX‘s value may rise up to $73. Moreover, according to the platform’s predictions, it is expected to continue its rise in the next few weeks and reach the $90 mark by the end of the month. Changelly predicts that AVAX may rise to $82 on March 28, 2024.
CoinCodex also paints a positive picture for Avalanche (AVAX) in the near term. The platform predicts that AVAX could rise to $200 by mid-April and $80 by March 24. This means the asset will reach a new all-time high and surpass the previous peak of $144.96 in November 2021.
However, Telegaon’s analysis shows a bearish sentiment on Avalanche. The platform expects the asset to reach a maximum of $81.12 this year and not return to its all-time high until 2026.
As Koinfinans.com reported, if Bitcoin (BTC) continues its upward trend, other altcoins may exhibit a similar trend. However, if the price of BTC drops to $60,000, it may be difficult for AVAX to reach this level.
In summary, based on current forecasts, AVAX seems unlikely to reach the $80 level this week. However, it is important to remember that the market is highly volatile and can go either way. Currently, AVAX is exhibiting strong support above the $60 level.
