Avalanche recovered nicely from its major correction that ended mid-June and is now on the path to $18, $20, $24 or higher, with a potential to reach up to $30 as the next target in the short-term.
How is this possible?
The current session can be seen really strong, with increasing volume and prices moving above EMA100. This indicates that growth can happen for the next 1-3 months, which is a long time in the Crypto-universe or I should say in general.
The MACD just entered the bullish zone allowing for plenty of space for growth to happen, while the RSI is really strong supporting additional growth.
All this goes in accordance with what we are seeing all across the Cryptocurrency market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.