Avalanche's [AVAX] price spike sparked $100 target speculation

Avalanche [AVAX] The price recently pumped to $35.77, sparking speculation that it could reach $100. Although not yet close to the March high of $61.90, longing indicators point to a bullish outlook. A negative funding ratio indicates that the shorts are aggressive but not rewarded, which means a bullish sentiment towards AVAX. The Money Flow Index (MFI) shows inflows and support level is at $32.77, indicating strong support from longing bulls. The golden cross in the EMA reading further supports the medium- to long-term bullish outlook. Close Position data shows increasing trader engagement, suggesting that prices may pump. While the $100 goal has not yet been achieved, it is still a reasonable goal for the future.