Avalanche Price Prediction - 25% upside in sight!

 In our last Avalanche Price Prediction we wrote that we found the top and could see a descent soon. The top was confirmed by hitting the ascending triangle target and a double top formation. We expected Avalanche price to drop to $79.22 to confirm the break of resistance and new support. As a result, the course fell to support and was able to confirm the things mentioned. But how could the course continue in the future? Will we go up 25% next? We'll enlighten you!

Avalanche course soon with +25%?

After the Avalanche price has last corrected to the GoldenPocket and has thus completely corrected the last ABC sequence, the next step could be that the price will rise to the GoldenPocket of the last downward movement (correction). This GoldenPocket is located at around $111. However, we have resistance in front of the GoldenPocket. This is around $100. This is the 0.5 Fibonacci level and psychological resistance. If we break this level, the price could rally to $111 quite quickly.

Could we make a new all-time high?

As Avalanche price broke the downtrend line, we also expect it to make a new all-time high. So we also assume that the GoldenPocket will break. The lower GoldenPocket, where we found support most recently, has far more significance as it is higher-level. As this has held, the overall trend (uptrend) is likely to continue. Since the current high is an all-time high, the Avalanche price could make a new all-time high soon.

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