In the ever-evolving realm of cryptocurrencies, Avalanche (AVAX) is making waves yet again as it surges in value, with bulls setting their sights on the coveted $30 mark. Recent market analysis indicates a robust performance, underscored by the successful flip of the $20 level to support.

Over the past six weeks, Avalanche has exhibited an impressive trajectory on the price charts, fostering expectations of a sustained uptrend. The recent retest of a crucial Fibonacci retracement level served as a springboard for the bulls, indicating their dominance in the market and signaling a potential climb towards $30. Notably, Avalanche’s NFT sales volume witnessed a substantial surge, notably driven by the Dokyo collection, amassing a staggering volume surpassing $1.4 million. This surge in NFT sales further reinforced confidence in Avalanche’s market position.

Chart analysis highlighted the $19-$20.7 zone, previously a resistant area, now transformed into a supportive region following its mid-November flip. However, anticipation of volatility within this zone remains, particularly on lower timeframes, as market moves seek liquidity. A dip observed on November 21st proved to be a retest of the 61.8% Fibonacci retracement level, after which AVAX swiftly climbed above the $20 mark.

Analyzing the one-day chart, traders find compelling indications for a potential move toward $24.6. While the Relative Strength Index (RSI) displayed a slowdown in bullish momentum over the past fortnight, the overall market structure remained favorably bullish. Moreover, the On-Balance Volume suggested that selling volume lacked dominance, further bolstering the bullish sentiment.

Chart analysis painted an exciting picture, showcasing the $19-$20.7 zone, previously a resistance stronghold, now turned into a formidable support zone. Despite anticipated volatility within this range, particularly in lower timeframes seeking liquidity, AVAX showcased resilience, even during a dip on November 21st, affirming strength above the 61.8% Fibonacci retracement level.

The analysis of liquidation levels through a heatmap revealed key areas of interest for market participants. Levels around $18.7 and $23.1 emerged as focal points, reflecting heightened estimated liquidations. However, given recent price actions, a dip toward $18.7 appeared less probable. Additionally, above the $23-$24 zone, estimated liquidations notably decreased, indicating a thinner presence of bearish pressure in these regions.

As the market sentiment for Avalanche remains largely optimistic, projections align with a potential surge toward the $30 milestone. The ongoing bullish momentum, supported by robust chart analysis and a thriving NFT sales volume, continues to fuel confidence among traders and investors alike.

From a one-day chart perspective, traders found compelling reasons to anticipate a move toward the $24.6 mark. While the Relative Strength Index (RSI) displayed a slowdown in bullish momentum over the past fortnight, the overall market structure remained bullish. Notably, the On-Balance Volume corroborated this sentiment by not indicating a significant drop, hinting at a lack of dominant selling volume.

An intriguing aspect emerged from analyzing liquidation levels, shedding light on key zones of interest. The heatmap analysis highlighted $18.7 and $23.1 as areas garnering substantial attention for potential liquidations. However, given recent price movements, the likelihood of a dip to $18.7 appeared slim. Moreover, beyond the $23-$24 zone, estimated liquidations tapered off, further corroborating the bullish sentiment prevailing in the market.

As Avalanche continues its upward trajectory, the future seems ripe with possibilities. Traders and enthusiasts alike keenly await the unfolding of events as AVAX charts its course, potentially setting sights on newer milestones in the days to come.