Avalanche AVAX price has good perspectives for growth
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For the last month, the AVAXUSDT price is in the liquidity zone, where it was last in July 2021.
Also, the pattern of formation of a possible price bottom is very similar to 2021. What was further with the price of AVAX can be seen on the chart.
Another positive point is that in July 2021, the BTC price fluctuated in the range of $30-32k. The AVAXUSDT price was trading in the range of $10-14. In the current trading, the price of the Avalanche token ranges from $11 to $14, but the cost of BTC is roughly 2 times less than 1.5 years ago.
That is, AVAX is bought in the AVAXBTC pair considering it a promising asset.
Putting together all our assumptions and what we saw on the chart, we can conclude that in the medium term, the AVAXUSDT price has every chance to grow into the price range of $30-32
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Also, the pattern of formation of a possible price bottom is very similar to 2021. What was further with the price of AVAX can be seen on the chart.
Another positive point is that in July 2021, the BTC price fluctuated in the range of $30-32k. The AVAXUSDT price was trading in the range of $10-14. In the current trading, the price of the Avalanche token ranges from $11 to $14, but the cost of BTC is roughly 2 times less than 1.5 years ago.
That is, AVAX is bought in the AVAXBTC pair considering it a promising asset.
Putting together all our assumptions and what we saw on the chart, we can conclude that in the medium term, the AVAXUSDT price has every chance to grow into the price range of $30-32
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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