Avalanche (AVAX) Edges Out Tron (TRX) in the Ranking as the Market Lights Up-web3.0-php.cn

Avalanche (AVAX) Edges Out Tron (TRX) in the Ranking as the Market Lights Up

Jul 23, 2024 pm 12:00 PM

At the time of writing, Avalanche is changing hands for $31.94, up by 10.91% in the past 24 hours. The digital currency has extended its weekly gains to 17.03% to underscore its sustained positive twist.

Avalanche (AVAX) Edges Out Tron (TRX) in the Ranking as the Market Lights Up

AVAX price analysis reveals a bullish trend with a 10.91% increase in the past 24 hours. Currently ranked 11th, AVAX is valued at $31.94. Despite the recent surge, the token’s price is still down by 4.07% over the past week. However, it has outperformed the market, which is up by a mere 0.04%.

The token’s trading volume has also seen a significant surge, skyrocketing by 214% and reaching $857,560,520. This indicates a high demand for the token in the market.

AVAX price analysis reveals a bullish trend on the hourly chart. The token’s price has been on a steady uptrend since Sunday evening, making higher highs and higher lows.

Crucial Resistance Levels:

– Immediate resistance lies at $32.94.

– Further resistance is encountered at $34.93.

– Finally, the token might face resistance at $36.93.

Crucial Support Levels:

– Immediate support is present at $30.93.

– Further support is encountered at $29.93.

– Finally, the token might find support at $28.93.

Relative Strength Index (RSI) is above 56.90, indicating buying activity in the market.

Moving Average Convergence Divergence (MACD) is above the zero line, indicating bullish momentum.

Overall, the token’s price is in a bullish trend, with strong buying activity and bullish momentum.

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