{"id":628851,"date":"2024-07-10T11:00:43","date_gmt":"2024-07-10T11:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=628851"},"modified":"2024-07-10T10:29:43","modified_gmt":"2024-07-10T10:29:43","slug":"avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avalanche\/avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50\/","title":{"rendered":"Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50"},"content":{"rendered":"
After recently surpassing the $23.50 mark, the price of <\/span>Avalanche<\/span><\/a> (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.<\/span><\/p>\n 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.\u00a0<\/span><\/p>\n 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%.<\/span><\/p>\n Currently, the price of AVAX on the 4-hour chart with<\/span> bullish momentum<\/span><\/a> 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 of $26.50. As a result of the price movement, Avalanche could still extend its rally toward the $30.34 resistance level.<\/span><\/p>\nAnalysis Of AVAX’s Recent Price Momentum<\/strong><\/h2>\n