Can AVA Achieve 300% Growth? The Key Resistance Levels to Watch
- AVA (Travala) shows upside momentum, potentially rising over 300% if key resistance levels are broken.
- A breakout above $1.4931 could signal the start of a new bullish trend for AVA.
- Surpassing $2.4417 would confirm a full breakout and a new upward trajectory for the cryptocurrency.
Rose Premium Signals highlighted that AVA has formed upside momentum after being on the downside for several weeks. The analyst predicts that AVA is set to rise by more than 300% from its current value. This outlook is based on an appreciation of the weekly support level and a bullish engulfing pattern after some protracted consolidation.
The technical setup for AVA suggests that a breakout may occur soon. After a long consolidation near the lows, the price of AVA has formed a pattern that suggests it might be time to turn bullish. The cryptocurrency is currently trading above the wedge pattern, which formation may imply an imminent trend reversal in the market. This has alerted traders to await an upward movement in the coming weeks.
Source: X
AVAs Breakout Resistance Levels
Several key price levels have been identified in the context of the further increase in token growth rate. The first point to enter the market is the $1.4931 horizontal resistance level that originated from the prior market structure. If, however, token succeeds in moving past this level, a new bullish trend is likely to have begun.
The second resistance level is $1.9113, which is classified as the mid-range resistance level. The price must cross this level to show the market is strongly supporting its further increase, and cryptocurrency will follow this path.
The third strategy of token is $2.4417 signifies the full breakout extension level. Reaching this level would indicate that the cryptocurrency is now on an upward trajectory after a period of price decline. Analyzing the price, it is possible to determine that token possesses all the essential technical parameters to embark on a growth trajectory in the near future.
Conditions That Affect AVA
However, the rally of AVA is not certain to enhance the promising setting of the rally. However, some conditions may lead to the opposite state, and the cryptocurrency market can be an unpredictable market; this could easily turn around as the market conditions are also unexpected.
However, if coin shows strength and goes beyond this area, then a major upward movement could be expected. This is a big point of interest for investors and traders, as it invests a lot of attention to be given a chance to make big profits. As of press time, token is trading at $0.5876 showing, showing a 1.51% increase over the past day.
Source: TradingView
AVA is demonstrating a high technical value of development potential. If this type of growth persists, this particular cryptocurrency could hit a 300% growth. The next few weeks will define whether token will hit these price targets and continue its bullish trend.
Read more: https://www.tronweekly.com/can-ava-achieve-300-growth-the-key-resistance/
Text source: TronWeekly
