After recently surpassing the $23.50 mark, the price of Avalanche (AVAX) has continued to show resilience moving higher with good momentum towards the $30.34 resistance level. This upward movement has signaled bullish sentiment among market participants and potential further gain for the crypto asset. As Avalanche continues to gain pace above $23.50, this article delves into providing an in-depth analysis of this recent price surge and its potential for further growth by examining current price actions and technical indicators focusing on the 4-hour and the 1-day chart. At the time of writing, AVAX’s price was up by over 4.85%, trading at about $26.88, with a market capitalization of more than $10 billion and a trading volume of more than $305 million. In the last 24 hours, the market capitalization of AVAX has increased by 4.44%, while trading volume has decreased by 32.13%. Analysis Of AVAX’s Recent Price Momentum Currently, the price of AVAX on the 4-hour chart with bullish momentum has crossed above the 100-day Simple Moving Average (SMA). The digital asset has been on an upward spiral since breaking above its previous low o ..
Support the originator by clicking the read the rest link below.
