Will AVAX Price Reach Escape Velocity To Cross $30?Boost Past $25: AVAX price surges beyond the $25 mark due to strong buying pressure.
16% Jump in Three Sessions: AVAX experiences a significant 16% increase within three trading sessions.
Potential to Reach $30: If the uptrend above $25 sustains, AVAX could potentially hit the $30 mark.
200% Growth in 50 Days: Avalanche has seen nearly 200% growth in the last 50 days, showcasing increasing demand.
Triangle Breakout Rally: A triangle breakout in the 4-hour chart indicates a return to bullish momentum.
Current Trading Price: AVAX is trading at $25.55, with a 4.07% intraday growth.
TVL and Volume Growth for Avalanche: Avalanche's Total Value Locked (TVL) and volume show a positive trend, indicating increased network adoption.
Technical Indicators - RSI: The RSI is in the overbought territory, suggesting strong demand without bearish divergence.
Possibility of Bull Run Beyond $30: Market recovery and network health improvements hint at a potential bull run to $36.
Risk of Retesting $25: There's a possibility of retesting the $25 level if faced with a supply wave.
Increased Liquidity in Avalanche Network: Growing liquidity in the network suggests more significant transactions and improved network health.
Escape Velocity for $30 Breakout: The combination of market recovery, network health, and technical analysis points towards an escape velocity for the $30 breakout.
