Avalanche

The post <a href="https://coinpedia.org/price-analysis/avalanche-price-records-new-high-next-stop-45/">Avalanche Price Records New High! Next Stop $45?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the crypto industry experiencing a significant correction in value, the Avalanche price has added over 15% to its portfolio within the past 24 hours, making it one of the top gainers of the day. 
The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">AVAX price</a> traded in a narrow space between $16.49 and $19.07 for over a week, following which the price gained momentum and broke out of the range. 
The rally was short-lived as the price faced rejection at $23.97, after which the price traded in a consolidated range between $19.07 and $23.97 for three weeks. As the market gained momentum, the price regained power, resulting in a price pump. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/uT4OkH3pRAhM6lwNAiBqm5AM3pSPjX1vp1bIfSxnL0qZv7dNPJK-ybvnSBeHuoUsdp_QjoDC-r8yWlkAgpeVLoqpk0EnHgdtrtg6F4PCP2eyeTagL7CZRugSanEtsxlfcy_QbmPy_qZvil0SytBVGqc" alt="Avalanche Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AVAX/USDT
 </figcaption>
</figure> 
Avalanche price hovered close to its resistance level of $27.46 for a while. After this, the price displayed a jump of 28% before facing rejection at $35. After multiple attempts, the bulls successfully broke out but hovered close to its support/resistance level at $35. 
Recently, the price has displayed a jump of over 15%, resulting in it achieving a new yearly high. 
The technical indicator, MACD, displays a constant green histogram for almost a week, indicating an increased buying-over-selling pressure in the market. Further, the averages show a sharp rise, suggesting the price will continue gaining value in the coming days. 
<h2 class="wp-block-heading" id="h-will-avax-price-go-up">Will AVAX Price Go Up?</h2> 
If the bulls hold the price above the support level of $40.01, the price will regain momentum and prepare to test its resistance level of $42.50 soon. 
Maintaining the price at that level will set the stage for Avalanche to attempt to test its upper resistance level of $45 in the coming days. 
Conversely, if the price fails to break out of the upper level of $42.5, the AVAX price will lose momentum and prepare to test its support level of $40. Moreover, if a trend reversal occurs, it will plunge further and prepare to test its lower support level of $35 by the month-end.

Avalanche Price Records New High! Next Stop $45?

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