Strong

Avalanche

The post <a href="https://coinpedia.org/price-analysis/avax-price-displays-strong-bullish-move-eyes-75-this-month/">AVAX Price Displays Strong Bullish Move! Eyes $75 This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Top altcoins continue to add significant valuation to their respective portfolios, highlighting a massive bullpower in the crypto market. Further, the Avalanche price surpasses the leader of memecoins, Dogecoin, to successfully claim the spot of the 9th largest cryptocurrency in the world. 
The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">AVAX price</a> has recorded a jump of 36.75% within the past seven days and 53.48% over the past 30 days. Further, the AVAX token has a YTD of approximately 58%, indicating a significant increase in the demand for these tokens. 
<h2 class="wp-block-heading" id="h-avalanche-price-reclaims-60-mark">Avalanche Price Reclaims $60 Mark!</h2> 
The AVAX price traded in a closed range between $35 and $39.50 for a brief period. As the token entered the 3rd trading month of the year, the bulls regained momentum and the price recorded a jump of 16.61% in valuation. Following this, the altcoin displayed a neutral trend for the next eleven days. 
As the market volatility grew, the bulls successfully regained momentum and recorded a jump of 38.98% before facing rejection above the support level of $55.52. Following this, the Avalanche price displayed significant volatility in the chart. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/eEKQMvmqCK8G4Lciw_NWQSaMmJ8JhWYH6Qk8Y98SPAXSbV5Pees12vhnodl18xtrzucUdFWirfcwH_x-RSKEe3Sdr7cpPaSrVhLrlaaxlosIibN07bQbZ9a00ZY_Lc7jXqoXmDNz4R_CS3m-cyNulAc" alt="Avalanche Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AVAX/USDT
 </figcaption>
</figure> 
Since then, the AVAX price has been trading in a consolidated range between $49.95 and $61.25. Positively, the token is on the verge of testing its resistance level, however, the outcome of this is unpredictable due to the highly volatile market sentiments. 
The technical indicator, MACD, displays a rising green histogram, highlighting an increased buying-over-selling pressure in the market. Moreover, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time. 
Also Read : 
<h2 class="wp-block-heading" id="h-will-avax-price-continue-rising">Will AVAX Price Continue Rising?</h2> 
If the market pushes the price above the resistance level of $61.25, the bulls will continue to gain value and test its resistance of $65. Further, if the price continues to trade under a bullish sentiment, it will prepare to test its upper resistance level of $70 in the coming time. 
Conversely, if a trend reversal occurs, the bulls will lose momentum and the AVAX price will fall to test its support level of $55.52. Moreover, if the bears continue to hold power over the bulls, the Avalanche price will continue bleeding and test its lower support level of $49.95.

AVAX Price Displays Strong Bullish Move! Eyes $75 This Month?

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