Between Decline And Hope : What Does The Future Hold For AVAX Crypto?

The AVAX crypto token from Avalanche is currently going through a tumultuous period. This month, it indeed shows a decrease of 14%. Upstream, massive exchange withdrawals and increased trading volume reveal an active accumulation by investors. Decoding the current trend!

Worrying technical signals for Avalanche crypto

The technical analysis shows that AVAX is evolving within a descending triangle pattern. This bearish formation is characterized by:

• decreasing highs,
• horizontal support at $34.18.

Cryptography experts are closely monitoring this critical level. According to Fibonacci levels, a breakout could indeed lead to targets at:

• $29.17,
• $24.69,
• $22.18.

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Such a breach could even trigger a cascade of selling pressures.

Despite this precarious technical situation, the Avalanche crypto shows an impressive trading volume of $702.2 million. This marks an increase of 38%. This highlights active investor engagement, even in a bearish context.

“Traders seem ready to exploit any rebound potential,” explains analyst Ali, who identifies a critical zone between $33 and $37. A breakout above this resistance could lead to a crypto increase of 40%. This would present a significant opportunity.

Massive accumulation: Investors bet on a rebound for the AVAX cryptocurrency

Net cash flow data shows that 2.18 million AVAX crypto tokens have left exchanges since December. This reflects strong accumulation. This trend contrasts with the massive inflows recorded in November. The latter had coincided with significant sales during price peaks.

According to experts, these regular outflows reduce selling pressure. But not only that! They also demonstrate investors’ confidence in the long-term potential of Avalanche.

Outlook: Is AVAX prepared for a potential rise?

Some crypto analysts’ forecasts are optimistic. According to CoinCodex, for example, AVAX could reach $70.31 by January 30, with an expected average of $50 for February.

These prospects capture investors’ attention, while the crypto asset currently remains at $36.03. It thus records a decrease of 11.23% over a week. This prediction is based on:

• increased trading volume,
• exchange outflows.

These factors indeed signal a consolidation before a possible major movement.

The dynamics of AVAX thus reflect a mix of technical trials and investor optimism. If critical levels are cleared, this cryptocurrency could reserve some pleasant surprises in February 2025. Especially since it is already among the favorite assets this month!