Chaos

Avalanche

<h2 id="avax-has-surged-by-more-than-10-surpassing-the-40-resistance">AVAX has surged by more than 10%, surpassing the $40 resistance.</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">CoingabbarPrice Analysis</a>, Despite a broader crypto market correction, Avalanche (AVAX) has surged by over 11.70% in the last 24 hours, marking it among the top performers.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/avalanche-2-avax-prices-usd" class="f-link" rel="noopener noreferrer nofollow">AVAX </a> more than doubled in value from November 27 to December 11, fueled by the ongoing Alt season.</li>
 <li>In the weekly technical analysis, AVAX quickly rose, reaching a new yearly high of $43. This ascent broke a 750-day descending resistance trend line in place since its all-time high.</li>
 <li>AVAX is currently exhibiting a Bullish Flag Pattern on the hourly chart.</li>
 <li>The recent shift past the $40 psychological level and the move toward $43 might trigger a significant sell-off by profit-seeking investors.</li>
 <li>Failure to close above the $44 resistance could signal a local top. The RSI, overbought for three weeks, adds to correction concerns.</li>
 <li>If bulls maintain support above $43, momentum could lead to a test of the $50 resistance.</li>
 <li>Conversely, a failure to break above $43 may lead to a loss of momentum, testing the $40 support level. A trend reversal could push AVAX further down, testing the $35 support level by month-end.</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $43.00-$46.00 
SUPPORT LEVEL : $38.00-$35.00 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

Stormy Showdown: AVALANCHE Bulls Take Charge Amidst Market Chaos

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