{"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

Analysis Of AVAX’s Recent Price Momentum<\/strong><\/h2>\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>\n

\"Avalanche\"
Source: AVAXUSDT on Tradingview.com<\/figcaption><\/figure>\n

Also, an examination of the 4-hour Composite Trend Oscillator indicates that the price of AVAX might continue to rise since the indicator’s signal line has crossed above its simple moving average, and both are trying to move above 50%.<\/span><\/p>\n

On the 1-day chart, although Avalanche is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move towards the $30.34 resistance level. After the cross above $26.50, AVAX has been showing bullish resilience thereby keeping its pace above this level. With this recent bullish momentum, the digital asset could potentially extend its rally to other resistance levels.<\/span><\/p>\n

\"Avalanche\"
Source: AVAXUSDT on Tradingview.com<\/figcaption><\/figure>\n

Finally, on the 1-day chart, the composite trend oscillator also indicates that AVAX could potentially expand its bullish move as the signal is attempting to cross above the SMA of the indicator and are both trying to move out of the oversold zone.<\/span><\/p>\n

Can Avalanche Sustain Its Upward Trajectory?<\/strong><\/h2>\n

Currently,<\/span> AVAX<\/span><\/a> is trying to move higher toward the resistance level of $30.34. If the crypto asset’s price hits this level and closes above, it will likely move on to challenge the resistance level at $37.29. If the $37.29 level is surpassed, it may also target the $39.94 resistance level and other higher levels.\u00a0<\/span><\/p>\n

Nonetheless, if it reaches the $30.34 mark and encounters resistance, the price might begin to decline once more in the direction of the $23.50 support level. When it breaches this $23.50 support level below, Avalanche will keep falling to test the $18.83 support and other lower levels.<\/span><\/p>\n

\"Avalanche\"
AVAX trading at $26 on the 1D chart | Source: AVAXUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

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.\u00a0 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 of $26.50. As a result of the price movement, Avalanche could still extend its rally toward the $30.34 resistance level. Also, an examination of the 4-hour Composite Trend Oscillator indicates that the price of AVAX might continue to rise since the indicator’s signal line has crossed above its simple moving average, and both are trying to move above 50%. On the 1-day chart, although Avalanche is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move towards the $30.34 resistance level. After the cross above $26.50, AVAX has been showing bullish resilience thereby keeping its pace above this level. With this recent bullish momentum, the digital asset could potentially extend its rally to other resistance levels. Finally, on the 1-day chart, the composite trend oscillator also indicates that AVAX could potentially expand its bullish move as the signal is attempting to cross above the SMA of the indicator and are both trying to move out of the oversold zone. Can Avalanche Sustain Its Upward Trajectory? Currently, AVAX is trying to move higher toward the resistance level of $30.34. If the crypto asset’s price hits this level and closes above, it will likely move on to challenge the resistance level at $37.29. If the $37.29 level is surpassed, it may also target the $39.94 resistance level and other higher levels.\u00a0 Nonetheless, if it reaches the $30.34 mark and encounters resistance, the price might begin to decline once more in the direction of the $23.50 support level. When it breaches this $23.50 support level below, Avalanche will keep falling to test the $18.83 support and other lower levels. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":628852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85951],"tags":[9885,83347,86511,83609,92579,91599,85676],"class_list":["post-628851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avalanche","tag-avalanche","tag-avax","tag-avaxusd","tag-avaxusdt","tag-composite-trend-oscillator","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nAvalanche Aims Higher As Price Continues To Gain Pace Above $23.50<\/title>\n<meta name=\"description\" content=\"After recently surpassing the $23.50 mark, Avalanche has continued to show resilience moving higher with good momentum towards $30.34.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50","url":"http:\/\/wncen.com\/news\/avalanche\/avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/avalanche\/avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Avalanche-from-Adobe-Stock.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Avalanche-from-Adobe-Stock.jpg?fit=540%2C360"},"articleSection":"Avalanche","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche","avax","avaxusd","avaxusdt","composite trend oscillator","simple moving average","sma"],"dateCreated":"2024-07-10T11:00:43Z","datePublished":"2024-07-10T11:00:43Z","dateModified":"2024-07-10T11:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/avalanche\\\/avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/avalanche\\\/avalanche-aims-higher-as-price-continues-to-gain-pace-above-23-50\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Avalanche-from-Adobe-Stock.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Avalanche-from-Adobe-Stock.jpg?fit=540%2C360\"},\"articleSection\":\"Avalanche\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche\",\"avax\",\"avaxusd\",\"avaxusdt\",\"composite trend oscillator\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-07-10T11:00:43Z\",\"datePublished\":\"2024-07-10T11:00:43Z\",\"dateModified\":\"2024-07-10T11:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Avalanche-from-Adobe-Stock.jpg?fit=540%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/628851"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=628851"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/628851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/628852"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=628851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=628851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=628851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}