Ascent Above $70 Needed to Keep Bullish Avax Price Predictions Alive

The AVAX token is seeing some slight upside push after news of its listing on Coinbase Pro hit the newswires.

Coinbase Pro will support the AVAX/USDT pair in supported jurisdictions as from Thursday, September 30. However, only C-chain tokens (starting with Ox) will be supported. Inbound transfers for the AVAX token have already commenced. Other pairs to be supported will be the AVAX/USD and AVAX/EUR pairs. The support process is expected to kick off in three phases, with full trading being the final point in the line. 

Traders are responding with cautious optimism, as a news report speaks of additional anti-crypto moves by China in the offing. As a result, Avax is up by a modest 0.58% as of writing, off its intraday highs. 

Avax Price Prediction

The bounce on the 60.88 support and the ascending trendline keeps the bullish Avax price prediction bets intact. However, diminishing volume on the buy-side and a pinbar formation by the active candle suggest bullish exhaustion. This scenario could put the 60.88 

support at risk. If a breakdown of this level occurs, 51.06 (38.2% Fibonacci retracement level) becomes the next available target. A further decline brings 43.13 and 35.19 into the mix, being the 50% and 61.8% Fibonacci retracement levels, respectively.

On the other hand, a bounce on the ascending trendline keeps the bulls in the game. However, the most recent highs need to be taken out by a price ascent to the 70.00 psychological price mark. This move keeps the bullish Aave price predictions for a possible push towards 76.75 in play, with a break of this area forming new highs on the AVAX/USDT pair.

AVAX Price Chart (Daily)

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