Avalanche Shines With A 31% Rally – Can AVAX Bulls Maintain Push To $22?
2023年11月12日 - 8:30PM
NEWSBTC
Avalanche (AVAX) has had a relatively quiet second half of 2023
regarding price performance and ecosystem advancements. However,
the token experienced a mesmerized turnaround towards the end of
October, which has seen its value rise almost vertically in the
past few weeks. Avalanche’s positive run coincides with an
optimistic climate in the general crypto market, as investors
appear to be more interested in various digital assets. While
Bitcoin, the premier cryptocurrency, continues to hold its own
above the $37,000 mark, most altcoins seem ready to take advantage
of changing market sentiment. Avalanche Displays Strength With 31%
Rally – Price Overview The Avalanche price reached a yearly low of
$8.78 in late September, forming the bottom for a trend reversal.
The cryptocurrency’s price has been on a bullish run since then
while looking to reclaim the highs achieved at the beginning of
2023. As of this writing, the AVAX token is valued at $18.58,
reflecting a massive 31% price increase in the past 24 hours.
Meanwhile, the price of the altcoin has swelled by more than 48% in
the weekly timeframe. Related Reading: Boom! Cronos Unleashes 57%
Weekend Explosion, Beating All In The Top 100 Crypto Ranking A
broader look at the Avalanche price chart further highlights the
token’s strength and attractiveness over the past few weeks.
According to CoinGecko data, the value of AVAX has more than
doubled in the past month. Avalanche’s positive price action – in
such a short timeframe – further emphasizes the favorable sentiment
currently brewing in the general crypto market. Investors have also
seen other altcoins, like Solana, Ethereum, and Chainlink, go on an
upward trajectory in the past weeks. Based on data from
CoinMarketCap, AVAX has witnessed more than an 85% increase in its
daily trading volume. Meanwhile, the token’s current market cap of
roughly $6.68 billion reflects a 31% jump in the past day.
Can AVAX Maintain Bullish Momentum To $22? Many investors would be
watching to see how far the Avalanche token can keep up with its
red-hot momentum. And this makes sense, considering that the
cryptocurrency was one of the best performers in the last bull
market, rallying to a peak of $145. Related Reading: Ethereum Price
Propels To 52-Weeks High, Here’s What Behind It In the short term,
price action data suggests AVAX might be able to break above the
psychological $20 level without much resistance. Nevertheless,
investors should watch out for the $22 threshold, as it has proven
to be a significant resistance zone in the past. If Avalanche
manages to breach and close above the $22 price mark, the token’s
price could experience a parabolic run to $60. On the flip side, if
the resistance level holds strong, the AVAX price could fall to
find support at around $15. Avalanche price continues upward
trajectory on the daily timeframe | Source: AVAXUSDT chart on the
TradingView Featured image from IQ.wiki, chart from TradingView
Avalanche (COIN:AVAXUSD)
過去 株価チャート
から 6 2024 まで 7 2024
Avalanche (COIN:AVAXUSD)
過去 株価チャート
から 7 2023 まで 7 2024