"Wow a very impressive performance, whoever buys this crypto must be happy right."
Altcoin Sherpa, a popular cryptocurrency analyst predicts that Avalanche (AVAX) which is one of the competitors of Ethereum (ETH) will climb more than 30% from its current price in the future.
Since AVAX has seen a fairly large bullish move on November 15, 2023 with a 150% jump in a month, its price has the potential to continue its upward climb, Altcoin Sherpa commented to his 197,900 followers on the X social media platform.
By observation, AVAX has already broken its main resistance zone at $21.17 followed by $22, therefore the crypto analyst expects the price at this time may try to reach $29.33.
Please note that the $29 level is not impossible to reach if the price of AVAX can maintain its position above $23.
Currently, AVAX price recorded a 10.49% rise at $22.79 in the last 24 hours with a market capitalization of $8 billion and a trading volume of $2 billion then surged over 74.17% over the past week.
In addition to AVAX, Altcoin Sherpa believes BTC needs to break through $38,000 first to reach $40,000, but if the price drops then the digital asset is expected to return to $35,000.
The crypto analyst also expects Chainlink (LINK) to retest the $12.50 or $11.50 levels in the near future.
