Bitcoin

Resistance

Avalanche

Higher

AVAX price is gaining pace above the $28.65 resistance. Avalanche could rise further if there is a clear move above the $30.00 resistance zone. 
<ul> 
 <li>AVAX price is moving higher from the $27.40 support zone against the US dollar.</li> 
 <li>The price is trading above $28.65 and the 100-hourly simple moving average.</li> 
 <li>There was a break above a key declining channel with resistance at $28.40 on the hourly chart of the AVAX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to rise if it stays above the $28.65 and $28.50 support levels.</li> 
</ul> 
<h2 id="avax-price-aims-higher">AVAX Price Aims Higher</h2> 
After a steady decline, Avalanche’s AVAX found support near the $25.00 zone. A support base was formed above $25.00, and the price started a fresh increase, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-spikes-63500/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-bounces-3520/" target="_blank" rel="noopener ">Ethereum</a>. 
The price gained over 8% and broke many hurdles near $28.50. There was a break above a key declining channel with resistance at $28.40 on the hourly chart of the AVAX/USD pair. The pair even cleared the $29.40 resistance to move into a positive zone. 
AVAX price is now trading above $28.50 and the 100-hourly simple moving average. It is showing positive signs above the 23.6% Fib retracement level of the upward move from the $27.37 swing low to the $29.95 high. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-627144 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461" alt="AVAX Price Aims Higher" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/AVAX-Price.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
On the upside, an immediate resistance is near the $30.00. The next major resistance is forming near the $30.50 zone. If there is an upside break above the $30.50 level, the price could accelerate higher. In the stated case, the price could rise steadily toward the $32.50 level or even $34.00. 
<h2 id="dips-supported-in-avalanche">Dips Supported in Avalanche?</h2> 
If AVAX price fails to continue higher above the $30.00 or $30.50 levels, it could start a downside correction. Immediate support on the downside is near the $29.35 level. 
The main support is near the $28.65 zone and the 50% Fib retracement level of the upward move from the $27.37 swing low to the $29.95 high. A downside break below the $28.65 level could open the doors for a drop toward $28.00 and the 100 simple moving average (4 hours). The next major support is near the $27.40 level. 
Technical Indicators 
Hourly MACD – The MACD for AVAX/USD is gaining momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for AVAX/USD is now above the 50 level. 
Major Support Levels – $29.35 and $28.65. 
Major Resistance Levels – $30.00 and $30.50.

Avalanche (AVAX) Price Rallies: Can It Break Through the $30 Barrier?

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