Bitcoin (BTC ($97,953.16)) $99,030 experienced a rapid climb to $98,000, only to plummet shortly after. Altcoin traders have grown accustomed to these increasingly exhausting price movements. Continuous bear markets have rendered BTC prices insignificant, raising questions about the current forecasts for AVAX ($25.17), SHIB ($0.00), and ETH ($2,703.40).
AVAX Coin Analysis
AVAX, one of the major smart contract platforms, is currently hovering just above the critical support level of $22.39. Despite recent price fluctuations, this level has proven resilient. However, AVAX has not managed to recover, despite attempts to reclaim the $27 mark.
Due to the ongoing volatility of BTC prices, AVAX bulls have struggled to push past $27. The market remains stagnant following the ETF approval, with a potential rise to $38 and $44 imminent if the $27 threshold is overcome. In the short term, continued lower cl…