Avalanche (AVAX) has seen a significant rise in investor activity. AVAX hasn’t shown much movement in the last 24 hours. However, AVAX has decreased by 8% in the last seven days and is up by 24% in the last 30 days. Moreover, AVAX’s price has risen by 200% since last year.
How high can Avalanche go this week?
According to Changelly, AVAX could surge to a maximum of $100 this week. Moreover, Changelly anticipates AVAX to continue rallying for the next few weeks, hitting a minimum of $98 this week. The platform anticipates AVAX to hit $70 this week.
CoinCodex also paints a bullish picture for Avalanche (AVAX) for the next few weeks. The platform anticipates AVAX to hit $169 by mid-April and $175 by the end of April. Reaching $175 would also be a new all-time high for the asset, surpassing its previous peak of $144.96, which it attained in November 2021.
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If Bitcoin (BTC) continues its bullish outlook, other altcoins may do the same. However, if the price of BTC plunges, AVAX is unlikely to attain that level. Prominent analyst Rekt Capital has shared an analysis of AVAX recently in a tweet. According to his analysis, Avalanche dipped towards the December 2023 highs after it rallied to the $70 area. He also mentioned that it was a healthy dip.
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However, the predictions reveal that AVAX is likely to hit $70 this week. Nevertheless, the market can be quite unpredictable and could go either way, depending on its nature. As of now, AVAX stands strong above the $50 level.