{"id":566276,"date":"2023-12-21T05:18:20","date_gmt":"2023-12-21T05:18:20","guid":{"rendered":"https:\/\/wncen.com\/?p=566276"},"modified":"2024-06-11T14:43:33","modified_gmt":"2024-06-11T14:43:33","slug":"avax-price-rallies-10-avalanche-rally-45","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avax-price-rallies-10-avalanche-rally-45\/","title":{"rendered":"AVAX Price Rallies 10% &#8211; Is Avalanche Rally Just Getting Started?"},"content":{"rendered":"<p><em>AVAX price rallied over 10% and traded above the $45 level. Avalanche is gaining pace and might soon clear the $50 resistance zone.<\/em><\/p>\n<ul>\n<li>AVAX price is moving higher from the $38.00 support zone against the US dollar.<\/li>\n<li>The price is trading above $42.00 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if it stays above the $40 and $38 support levels.<\/li>\n<\/ul>\n<h2>AVAX Price Could Extend Rally<\/h2>\n<p>After a downside correction, Avalanche\u2019s AVAX found support near the $38.00 zone. A low was formed near $36.48, and the price started a fresh increase.<\/p>\n<p>The price gained over 10% and broke many hurdles near $40. It even outperformed <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-outperforms-43-5k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-struggles-bitcoin-jumps-2250\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a clear wave above the 76.4% Fib retracement level of the downward move from the $45.33 swing high to the $36.48 low.<\/p>\n<p>AVAX price is now trading above $42 and the 100 simple moving average (4 hours). There is also a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-566277\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?resize=1024%2C461\" alt=\"AVAX Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/AVAX-Price-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/AVAXUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">AVAXUSD on TradingView.com<\/a><\/p>\n<p>On the upside, an immediate resistance is near the $45.40 zone. The next major resistance is forming near the $46.80 zone. If there is an upside break above the $45.40 and $46.80 levels, the price could surge over 10%. In the stated case, the price could rise steadily toward the $50 level or even $52.<\/p>\n<h2>Dips Supported in Avalanche?<\/h2>\n<p>If AVAX price fails to continue higher above the $45.40 or $46.80 levels, it could start a downside correction. Immediate support on the downside is near the channel trend line at $40.80.<\/p>\n<p>The main support is near the $38.00 zone. A downside break below the $38.00 level could open the doors for a major decline towards $34.20 and the 100 simple moving average (4 hours). The next major support is near the $27.50 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $40.80 and $38.00.<\/p>\n<p>Major Resistance Levels \u2013 $45.40, $46.80, and $50.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AVAX price rallied over 10% and traded above the $45 level. Avalanche is gaining pace and might soon clear the $50 resistance zone. AVAX price is moving higher from the $38.00 support zone against the US dollar. The price is trading above $42.00 and the 100 simple moving average (4 hours). There is a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX\/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $40 and $38 support levels. AVAX Price Could Extend Rally After a downside correction, Avalanche\u2019s AVAX found support near the $38.00 zone. A low was formed near $36.48, and the price started a fresh increase. The price gained over 10% and broke many hurdles near $40. It even outperformed Bitcoin and Ethereum. There was a clear wave above the 76.4% Fib retracement level of the downward move from the $45.33 swing high to the $36.48 low. AVAX price is now trading above $42 and the 100 simple moving average (4 hours). There is also a major rising channel forming with support near $40.80 on the 4-hour chart of the AVAX\/USD pair. Source: AVAXUSD on TradingView.com On the upside, an immediate resistance is near the $45.40 zone. The next major resistance is forming near the $46.80 zone. If there is an upside break above the $45.40 and $46.80 levels, the price could surge over 10%. In the stated case, the price could rise steadily toward the $50 level or even $52. Dips Supported in Avalanche? If AVAX price fails to continue higher above the $45.40 or $46.80 levels, it could start a downside correction. Immediate support on the downside is near the channel trend line at $40.80. The main support is near the $38.00 zone. A downside break below the $38.00 level could open the doors for a major decline towards $34.20 and the 100 simple moving average (4 hours). The next major support is near the $27.50 level. Technical Indicators 4 hours MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level. Major Support Levels \u2013 $40.80 and $38.00. Major Resistance Levels \u2013 $45.40, $46.80, and $50.00.<\/p>\n","protected":false},"author":67,"featured_media":566278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[9885,87282,86413,86411,88018,86511],"class_list":["post-566276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avalanche-price","tag-avax-price","tag-avax-usd","tag-avax-usdt","tag-avaxusd"],"acf":[],"yoast_head":"\n<title>AVAX Price Rallies 10% - Is Avalanche Rally Just Getting Started?<\/title>\n<meta name=\"description\" content=\"AVAX price rallied over 10% and traded above the $45 level. 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