Avalanche

The post <a href="https://coinpedia.org/price-analysis/avax-price-jumps-10-as-bulls-move-on-from-binance-case/" rel="noopener noreferrer nofollow">AVAX Price Jumps 10% As Bulls Move On From Binance Case!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The altcoins are shaking off the bad vibes after taking a hit due to Binance pleading guilty against the recent criminal charges. Quickly regaining the lost momentum, the AVAX price trend resurfaces above the lost level of $20 with a strong bullish candle.&nbsp;
Following the golden crossover and the sustenance above $20, the <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" rel="noopener noreferrer nofollow">AVAX price prediction</a> teases a strong uptrend for the rest of 2023.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-1024x463.png" alt="" class="wp-image-247818" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-1536x695.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/23114802/AVAXUSD_2023-11-23_10-15-30.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source – <a href="https://www.tradingview.com/x/AtiWSwTp/" rel="noopener noreferrer nofollow">Tradingview</a>
Losing 17.5% of its market cap, Avalanche lost its market demand from $22.85 to $19 in just 48 hours, a correction of 16.79. Moreover, the spike in trading volume did support the quick pullback.&nbsp;
However, following the bearish Marubozu candle testing $19, the buyers overturn the trend as the market shakes off the bad news of Binance. Returning back to a strong uptrend, the buyers reclaim $20 with an overnight jump of 9.32%.&nbsp;
Currently, the AVAX price trades at $20.96 with an intraday growth of 0.50% and finds the crowd support evident through trading volume. However, the possibility of a downtrend sustains in case of any other setback for the biggest crypto exchange.&nbsp;
Further, there is increased volatility in the market that makes certain investors doubt the recovery phase.&nbsp;
Technical indicators:&nbsp;
RSI: The daily RSI line bounces back to the overbought boundary but maintains a bearish divergence. Therefore, the price may lead to a short consolidation phase before any major upside move.&nbsp;
<h2 class="wp-block-heading" id="h-will-avax-price-sustain-above-20-this-time">Will AVAX Price Sustain Above $20 This Time?</h2>
The slow but steady improvement in the market sentiments over the past 24 hours results in a bullish comeback for altcoins. The AVAX price trend hops on the bullish train and reclaims $20 but struggles to lead the uptrend beyond $21.15. Nevertheless, a bullish break can pump the market value back to $25.
In case of a new supply wave, another break under $20 can plunge the Avalanche market value to $18.

AVAX Price Jumps 10% As Bulls Move On From Binance Case!

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