Avalanche (AVAX), known for its fast transactions and solid blockchain technology, is the subject of this retrospective. In a previous analysis, we made a price prediction for AVAX that unfolded with remarkable accuracy.
This article provides an evaluation of our forecast and recent price developments. For further insights, we would like to invite you to our premium environment. For just 1 euro you get 30 days of access to exclusive content where you can ask questions of our analysts.
Technical analysis Avalanche Price (AVAX).
In this analysis, we take a step back and look back at a prediction previously shared in our Premium environment. It is interesting to see how this analysis is on track and has managed to accurately track current market movements.
The prediction from back then is still relevant today, which underlines the accuracy and reliability of our analyses. So let's delve deeper into the matter.
On December 12, 2023, we shared the following table with our Premium Members. Our analysts indicated that they expected a decline towards the green buy zone, which they identified between $32.50 and $35. This was the area where they also wanted to buy AVAX to take advantage of the expected rise.
Now that we're over a month later, we're seeing exactly how this scenario unfolded. The price reached this green area the next day and actually increased from there. Analysts expected a new local peak, and that's what happened.
AVAX peaked at $49.50 on December 24th. The price has therefore increased by more than 40% since the analysis was published in the Crypto Insiders premium environment. An excellent result!
The charts are from TradingView. This allows you to easily perform crypto analysis, such as an ETH-USD chart.
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. These therefore serve exclusively educational purposes.
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