Analysts See Potential in AVAX Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
0mins
Source: Coinmarketcap
AVAX's Market Performance: Avalanche (AVAX) has seen significant fluctuations, dropping from an all-time high of $146 to around $24.20 currently, which is 86% below its peak, but analysts are optimistic about its potential for recovery and future price surges.
Analyst Predictions: Analysts suggest that AVAX may experience further corrections providing buying opportunities between $16.40 and $22, with mid-term targets ranging from $28 to $93.8, indicating a possible breakout from a descending wedge formation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
