Summary
TLDR: Avalanche (AVAX) price has surged by 21.93% in the past week, with a healthy Relative Strength Index (RSI) indicating potential for further growth. 75% of AVAX holders are now profitable, suggesting a pivotal moment for future performance. The RSI is close to 70, but still healthy, and if it can maintain below the overbought mark, it could lead to continued upward movement in price. AVAX may reach $70 again if it can break key resistance levels, with strong support zones at $58 and $56. Holding these levels is crucial to avoid a significant drop in value.
Key Points
1. Avalanche (AVAX) price has experienced a significant 21.93% growth over the past week, with the Relative Strength Index (RSI) remaining healthy, indicating potential for further growth.
2. 75% of AVAX holders are currently in a profitable position, which historically has been a critical tipping point for future performance of the asset.
3. AVAX price prediction suggests a potential ascent to $70, with key resistance levels at $63, $65, and $67, and strong support at $58 and $56 to prevent significant price declines.