Digital currency analyst In the Avalanche (AVAX) community, Alanna has expressed excitement by laying out an optimistic forecast that indicates a substantial price increase is imminent. According to Santаna’s analysis, AVAX replicates historical consolidation patterns that market leader Bitcoin (BTC) displayed before sustained price increases.
Drawing comparisons between AVAX and BTC, SANTANA emphasizes the significance of consolidation periods preceding significant price movements. He cites the collapse of Bitcoin from $70,000 to $49,000, preceded by a four-and-a-half-month consolidation phase. Similarly, Bitcoin experienced a seven-month accumulation period before rising to over $20,000 in 2023.
However, According to Santa Ana, these historical indicators indicate that the extended consolidation period that began in 2022 and continued through 2023 at Apple laid the foundation for a strong bull market in 2025. He characterizes the moderately bullish wave observed in late 2023 and early 2024 as the initial move in a larger market structure. He argues that the current phase is a necessary correction that will eventually lead to another accumulation period and pave the way for a significant bullish breakout.
With a peak of $382, Santana projects a potential new all-time high (ATH) for AVAX. This forecast’s foundation is extending the Fibonacci levels from the bear market’s low to the previous ATH. The identified vital levels are 1.618 and 2.618, corresponding to potential price targets of $232 and $370, respectively.
Future Outlook For AVAX Investments
However, Santana advises a ‘buy and hold’ strategy for trading. He advises against waiting for a possible price drop that might never come. Trying to time the absolute bottom could result in missing out entirely.
He suggests gradually setting a price range for accumulating AVAX within one’s budget. The goal is to hold it for the long term. Santana suggests buying AVAX if the price is below $20. However, he advises holding it until the market turns bullish and profits are realized.
Santana suggests that a buy-and-hold strategy reduces risk, especially when investors avoid leverage or margin trading. Holding tokens long-term shields investors from losses unless they sell at a lower price than they bought. He acknowledges the unavoidable risk of project failure in crypto, which investors can’t control.
However, Santana wraps up his analysis with a positive outlook for AVAX. Given the 2022 bear market and the current correction phase, he predicts AVAX will likely see significant price appreciation in the next 3-6 months. His optimistic forecast is based on historical patterns and current market conditions. He believes these factors are set for a strong bullish trend leading to 2025.
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Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.
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