Recently, Avalanche (AVAX) was able to break out of a multi-month falling wedge pattern indicating a significant rally ahead. Analysts set as high a target as $130 for AVAX over the next 3–6 months.
The breakout follows increased hype around the platform. The hype was a result of the launch of a new game and steady price gains since August.
Well-known analyst CryptoBullet has set immensely high price targets for AVAX in the future months. According to his prediction, the cryptocurrency could reach $130 in the first phase and potentially hit $228.
$AVAX #AVAX broke out of a multi-month Falling Wedge
I’m expecting a good rally in the next 3-6 months
Target 1 – $130 Target 2 – $228 pic.twitter.com/oU7EJJrI77
— CryptoBullet (@CryptoBullet1) October 13, 2024
October to December Price Predictions
According to market predictions, AVAX also holds the possibility to keep going up through the rest of 2024. Looking ahead to October, analysts expect the price to range i
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