Avalanche Up 20% In A Month: What Is Going With 'The Red Coin'?
Portfolio Pulse from Khyathi Dalal
Avalanche (AVAX) has surged 20% in the past month, with traders optimistic about further gains. Crypto trader Eugene Ng Ah Sio highlighted a favorable setup for going long, targeting a break above $30. Another trader noted a positive chart structure, and Jip Molenaar hinted at future upside. ChronosWorlds announced a partnership with Avalanche, boosting its appeal as a gaming blockchain.
July 24, 2024 | 3:41 pm
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Avalanche (AVAX) has rallied 20% in the past month, with traders optimistic about further gains. Eugene Ng Ah Sio highlighted a favorable setup for going long, targeting a break above $30. ChronosWorlds' partnership with Avalanche as a preferred deployment chain for gaming adds to its appeal.
The 20% rally in AVAX, combined with positive trader sentiment and a new partnership with ChronosWorlds, suggests strong short-term bullish momentum. The target of breaking $30 indicates potential for further gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100