Avalanche (AVAX) Price Breakout is Underway. $35 Price Target Confirmed
Main Idea
Avalanche (AVAX) is showing strong growth, with analysts predicting a potential breakout to $35, supported by increased DeFi activity and market resurgence.
Key Points
1. Avalanche (AVAX) has seen a 20% weekly growth, stabilizing around $25, with potential for further gains if market conditions align.
2. Crypto analyst Ted predicts AVAX could reach between $32 and $35, following broader market trends of double-digit growth.
3. The total crypto market cap increased by $300 billion (25%), reaching over $2.3 trillion, reflecting a broader market resurgence.
4. DeFi activity on Avalanche has surged, with Total Value Locked (TVL) nearly doubling from 37 million AVAX to 76.4 million AVAX in early 2025.
5. For AVAX to enter a true bull phase, it must surpass its previous all-time high (ATH) of $145 set in November 2021, requiring over 580% price appreciation from current levels.
Description
Major cryptocurrency Avalanche (AVAX) is showcasing strong weekly growth of 20% as it fortifies around the $25 price level. The layer-1 blockchain protocol is known for its popularity among investors in deep bullish territory during the 2020-2021 bull market. While the cryptocurrency’s performance has been quite subdued so far during the current 2024-2025 cycle, traders
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