Ethereum

Bitcoin

Avalanche

Spot

Reversal

The post <a href="https://coinpedia.org/price-analysis/avax-price-above-50-teases-a-bull-run-stretching-to-100/" rel="noopener noreferrer nofollow">AVAX Price Above $50 Teases A Bull Run Stretching to $100</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As Bitcoin price crosses above $73,000, the AVAX price is cashing in on the additional momentum to break above the $50 psychological mark. Amidst the rising trading volume and the growing inflows of Bitcoin Spot ETFs, the bull market seems on a nonstop bull uptrend.&nbsp;
Further, despite the lack of surge expected in Ethereum with the Dencun going live, the Avalanche price is on a bullish track. Being one of the top DeFi platforms, Avalanche could surpass the $100 mark shortly. Find out more in our multi-year <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" rel="noopener noreferrer nofollow">AVAX Price Prediction</a>.&nbsp;
<h2 class="wp-block-heading" id="h-rounding-reversal-ready-to-cross-100">Rounding Reversal Ready To Cross $100</h2>
With the bullish comeback from the $29 mark, the AVAX price shows a higher low formation signaling a strong uptrend. Further, with the recent 31% price jump at the start of this month, the altcoin is heading for a refreshed bull run.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-1024x509.png" alt="" class="wp-image-278319" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/14120858/image-115.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source – <a href="https://www.tradingview.com/x/zPDQbpWp/" rel="noopener noreferrer nofollow">Tradingview</a>
Currently, the AVAX price trades at $55.84 and successfully surpasses the psychological mark of $50 as the underlying demand grows. However, the intraday candle showcases higher price rejection as it peaks at $59.32.&nbsp;
As per the trend-based Fibonacci levels, the altcoin is stuck within two crucial levels of 61.80% and 78.60%. Hence, a breakout of either level will set the tone for the upcoming trend.&nbsp;
Technical indicators:&nbsp;
MACD: The MACD and signal line sustain a positive trend as they sustain above the zero line. Further, the rising trend in histograms reflects the rise in the underlying demand.&nbsp;&nbsp;
<h2 class="wp-block-heading" id="h-will-avax-price-reach-100">Will AVAX Price Reach $100?</h2>
With the AVAX price sustaining dominance above the psychological mark of $50, buyers are preparing for the next surge. Hence, sideline traders could find entry opportunities at current levels as a retest level.&nbsp;
In a bullish scenario, per Fibonacci levels, the uptrend can result in the 78.60% Fibonacci level breakout to scale to the $92 mark. Thus, the chances of the $100 barrier breakout are increasing significantly.&nbsp;

AVAX Price Above $50 Teases A Bull Run Stretching to $100

Daftar Isi

CoinPedia News

Artikel lain yang dipublikasikan pada 14 Mar 2024

Nigerian crypto community split over govt’s bid for Binance user data

Bitcoin Analyst Willy Woo Projects $4.8 Million Price in Global Dominance Scenario

Bitcoin price slips 3% as US macro data compounds inflation problem

Bitcoin Critic Peter Schiff Regrets Missing Out On BTC Investment In Early Days: 'I Would Have Bo...

Crypto News: SOL, BNB, PEPE, and WIF Surge While ETH Stumble

Big Profits for Altcoins: XRP- LUNA and FLOKI Stand Out

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!