Avalanche

The post <a href="https://coinpedia.org/price-analysis/avalanche-price-breaks-through-30-is-40-next-stop/">Avalanche Price Breaks Through $30! Is $40 Next Stop?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto market is presently trading under a strong bullish influence, resulting in major tokens gaining significant value in their portfolios. Further, Avalanche has successfully achieved its year target by breaking the key barrier of $30. The increasing activity and aggressive nature of bulls is considered to be the prime reason for this run. 
The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">AVAX price</a> traded in a closed space between $10.96 and $13.18 for a brief period, following which the price gained momentum and broke out of the range. The AVAX price then displayed a jump of 45% in value before facing rejection at $19.07. 
After experiencing price fluctuations for a short period, the bulls regained momentum and broke out of their resistance level at $19.07, but the rally was short-lived as the price was restricted at the resistance level of $23.97. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/pprsd7mq0Od4KViAe3qrDmfTotR_diqMdpzw_3wupyVrjYTrYP_Mx0Vc5We0NKXds4jPo04i6UZQfggZGBU3MT3QRzwhngjvCRkLBNY9vJggCjxf7VyTd9cXH5PMX57ktLVCAA4_ddNggEqY0qiaxPo" alt="Avalanche Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AVAX/USDT
 </figcaption>
</figure> 
Avalanche token traded in a consolidated range between $19.07 and $23.97 for more than three weeks, indicating a weak buying and selling pressure in the market. 
Recently, the price gained momentum and recorded a jump of 15%, resulting in the price breaking out of its key resistance level. The price hovered close to its resistance level of $27.46, following which the coin displayed another jump of 18%. 
The technical indicator MACD displays a significant rise in the histogram, indicating an increased buying-over-selling pressure in the market. Further, the averages show a sharp rise in the chart, suggesting the price will continue gaining value in the coming days. 
<h2 class="wp-block-heading" id="h-will-avax-price-go-back-up">Will AVAX Price Go Back Up?</h2> 
If the bulls hold the price above the support level of $30, the price will continue to gain momentum and prepare to test its resistance level of $35 soon. 
Maintaining the price at that level will set the stage for Avalanche to attempt to test its upper resistance level of $40 by the month-end. 
Conversely, if a trend reversal occurs, the price may lose momentum and fall to test its support level of $27.46. Moreover, if the bears overpower the bulls, it will plunge further and prepare to test its lower support level of $23.97 in the coming days.

Avalanche Price Breaks Through $30! Is $40 Next Stop?

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