Rally

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AVAX price persisted in rolling the gains and displayed a massive surge.</a> </li> 
 <li> <span>2</span> <a>Buyers are gaining traction and aggressively extending the gains.</a> </li> 
</ul> 
<p>AVAX price exhibited a rally and is heading to the round mark of $50 indicating bullish momentum on the charts. Moreover, the price action reveals buyers’ accumulation, whereas sellers have lost their legacy and are covering their short positions. The technicals are showing a bullish bias and a positive trend in the recent sessions. AVAX crypto price has persisted in delivering follow-on buying after breaking out of the $23 hurdle.</p> 
<p>AVAX price displayed a sharp surge over 80% and is displaying bullish sentiments for the past sessions.The price action replicates short covering and rally which is directed by the mighty bulls and setting their eyesight on the psychological round mark of $50 to be caught soon. Per the Fibonacci retracement zone, AVAX crypto price has sustained the gains above the 61.8% zone and is guiding breakout on the charts.</p> 
<p>The live price of <a href="https://www.thecoinrepublic.com/2023/08/16/avalanche-price-prediction-when-will-avax-crypto-rebound/">AVAX crypto</a> is $42.32 with an intraday gain of 3.36% showing bullishness on the charts. Moreover, the trading volume increased by 14.80% to $1.84 Billion. However, the pair of AVAX/BTC is at 0.00101 BTC and the market cap is $15.57 Billion. Analysts are bullish and suggest that buying momentum will continue and that AVAX price will reach $50 soon.</p> 
<h2 class="wp-block-heading" id="strong-avax-on-daily-chart-displaying-price-rally-strong"><strong>AVAX on Daily Chart Displaying Price Rally</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="481" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-1024x481.webp" alt="AVAX on Daily Chart Displaying Price Rally" class="wp-image-184587" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-1024x481.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-300x141.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-768x361.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-1536x722.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-750x353.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally-1140x536.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/AVAX-on-Daily-Chart-Displaying-Price-Rally.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: AVAX Price Chart by TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily chart, <a href="https://www.thecoinrepublic.com/2023/10/22/avalanche-price-prediction-will-avax-crypto-break-out-of-10-15/">AVAX price</a> shows a breakout and is riding the gains above the key moving averages. Per the ongoing trend, AVAX crypto price has approached the bullish trajectory and will continue to outperform in the coming sessions.</p> 
<p>The Relative Strength Index (RSI) curve stayed in the overbought zone above 80 displaying sharp buying momentum on the chart. The MACD indicator shows a bullish crossover and formed green bars on the histogram suggesting that AVAX will continue to rise in the upcoming sessions.</p> 
<h2 class="wp-block-heading" id="strong-weekly-charts-shows-falling-wedge-breakout-strong"><strong>Weekly Charts Shows Falling Wedge Breakout</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="481" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-1024x481.webp" alt="Weekly Charts Shows Falling Wedge Breakout" class="wp-image-184586" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-1024x481.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-300x141.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-768x361.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-1536x722.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-750x353.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout-1140x536.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/Weekly-Charts-Shows-Falling-Wedge-Breakout.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: AVAX Price Chart by TradingView
  </figcaption>
 </figure>
</div> 
<p>On the weekly chart, AVAX price shows the falling wedge pattern breakout and has consecutively gathered the gains following the crypto market pump. The technicals are revealing the bullish dominance and buying interest. Per the Fibonacci zone, AVAX crypto price sustained the gains above the 50% and is close to the 61.8% zone.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>AVAX price uplifted gains and recuperated from the demand zone,which surpassed the swing hurdle of $30. Additionally, the price action favors the bulls and suggests that AVAX crypto will continue moving in the uptrend towards the $50 mark. The MACD and RSI are giving positive signals.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $35 and $30</p> 
<p>Resistance Levels: $45 and $50</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

AVAX Price Prediction: AVAX Heads Toward $50 in Bullish Rally

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