AVAX prices surge by 12.98 percent, bullish run incoming?

Avalanche price analysis shows that the current market is in an uptrend. Avalanche (AVAX) prices are up 12.98 percent in the last 24 hours and the market appears to be in an uptrend. The coin is currently trading at $17.14 and the strongest resistance is seen at $19.5. With this recent surge, Avalanche has now entered the top 20 cryptocurrencies by market cap and is currently ranked 16th.

Current market conditions are very favorable for Avalanche and prices are expected to continue increasing in the near future. It is very likely that prices will hit the $20 mark in the next few days. The current trading volume is also very high, which is another indicator that the market is bullish. The total trading volume is $581,778,406 while AVAX’s market cap is $4.8 billion.

AVAX prices have been trading in a range of $15.5 to $17.14 on the daily chart for the last 24 hours according to Avalanche price analysis. Prices have made higher highs and higher lows which is a sign of bullish momentum in the market. There is also a rising trend line that has been serving as support for the price since the close of trading yesterday. The RSI indicator is currently at 68.8 and is moving in an upward direction, suggesting that prices are likely to continue rising.

Technical indicators for AVAX/USD 24 hour chart from Tradingview

The MACD indicator has crossed the red signal line and is currently above it, which is another sign of an uptrend. The 100 EMA line is also above the 200 EMA line which is further confirmation of the uptrend in the market. The market appears to be in an uptrend as conditions are very favorable at the moment. Prices are expected to continue rising and set new highs in the near future.

Market volatility is high right now as the Bollinger Bands bands are wide apart. This suggests that prices are likely to see significant price movement in the near future. There is buying action attributed to the recent price increase. The market looks bullish and is likely to continue its uptrend.

Avalanche price analysis on 4 hour chart: The bulls are in control as the market appears to be in an uptrend

The 4-hour chart for AVAX shows that prices have been in an uptrend since yesterday. The market is in recovery mode as prices are up 12.98 percent in the last 24 hours. The coin is currently trading at $17.14 and prices are expected to continue increasing in the near future.

The RSI indicator is currently at 68.8 and is moving higher, suggesting that there is still some room for gains. The MACD indicator is also in the bullish zone and is currently above the signal line, which is another sign that the market is in a bullish trend. The 100 EMA line is above the 200 EMA line, which means that the path of least resistance is up. This suggests that prices are likely to increase further in the near future.

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Technical indicators for AVAX/USD 4 hour chart from Tradingview

The upper band of the Bollinger band is $18.57 and the lower band is $16.71. Market volatility is currently high, suggesting that prices are likely to see significant price movement in the near future. The market appears to be in an uptrend as prices are expected to continue making higher highs.

Conclusion of the avalanche price analysis

Avalanche price analysis confirms that AVAX prices have been in a steady bullish movement for the past 24 hours as the market attempts to recover from the pullback it experienced a few days ago. Market conditions are very favorable for the bulls and they are expected to take control of the market in the near future. Prices are likely to continue rising and making new highs as the market appears to be in an uptrend.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this page. We strongly recommend independent research and/or advice from a qualified professional before making any investment decisions.

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