Avalanche Price Surges by 17%, Analysts Predict $126 Target

Avalanche's price has recently surged by around 17% in a day to approximately $11, prompting analysts to re-examine their predictions.

One analyst, Javon Marks, projects that Avalanche could reach as high as $126.03, which would be an increase of roughly 11 times from its current price and bring the network's market value above $50 billion.

This prediction is based on a technical analysis of the chart, which shows that AVAX has broken out of a larger structure and is now in a position to continue its upward momentum.

However, it's worth noting that this target is still far below Avalanche's 2021 record price of $146.22, and the current momentum is already stretched.