search
Homeweb3.0Avalanche (AVAX) Price Prediction: Will AVAX Continue Soaring After Grayscale Adds Support?

The Avalanche price jumped 13% in the last 24 hours to trade at $26.20 as of 00:44 a.m. EST, with trading volume surging 43% to $464 million.

Avalanche (AVAX) Price Prediction: Will AVAX Continue Soaring After Grayscale Adds Support?

Avalanche (AVAX) price rallied 13% in the last 24 hours to trade at $26.20 as of 00:44 a.m. EST, with trading volume surging 43% to $464 million.

The surge in AVAX price comes as Grayscale expands its crypto offering by launching an Avalanche (AVAX) trust, allowing accredited investors to gain exposure to the cryptocurrency.

Here’s what the Grayscale announcement may mean for AVAX price and why investors are buying the new meme coin Crypto All-Stars (STARS) instead.

Avalanche (AVAX) Price Analysis: Bullish Despite Death Cross

The bears capitalized on the death cross at $27.45 to exert pressure on the price at the beginning of August, according to data from GeckoTerminal.

However, the bulls later found support at $19.94, which then allowed the price to soar back to the $26.61 resistance, forming a rounding bottom pattern.

The AVAX price bulls are looking to capitalize on the pattern to propel the price up it now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs).

Moreover, the Relative Strength Index (RSI) is climbing above the 70-overbought region, currently at 78, showing that AVAX is under intense buying pressure. The soaring RSI also shows that the asset is currently overvalued, a cautious factor for investors who want to invest.

The Moving Average Convergence Divergence (MACD) also crosses above the neutral line, a signal that AVAX is on an upward trend.

Avalanche (AVAX) Price Prediction: Price May Continue Rising Despite Being Overvalued

The analysis on the 4-hour chart shows that AVAX is on a bullish rally, as the RSI and MACD support the asset’s bullish prospects.

With the green bars on the MACD forming over the zero line, the price of Avalanche is currently on positive momentum. This may encourage the bulls to keep pushing the price up, as they currently target the $32.37 resistance zone.

However, with the RSI showing that AVAX is currently overvalued, investors may view this as a selling signal, which may prompt a selloff. If selling picks up at this level, the price of Avalanche could plunge back to the $21.76 support level (50-day SMA).

Meanwhile, as the Avalanche price soars, investors are rushing to buy the new meme coin Crypto All-Stars (STARS), which YouTuber Jacob Bury says has the potential to soar 10X after launch.

Crypto All-Stars Presale Raises Over $683K – Best Meme Coin To Buy Now?

The Crypto All-Stars presale continues to attract investors, raising over $683K in a little more than a week.

A brand-new player in the meme coin space, Crypto All-Stars just launched within the past 24 hours, and it’s already making waves! ?

Here’s why you should pay attention. ??

— web3telepath (@web3telepath) August 15, 2024

Crypto-All Stars is a revolutionary staking platform that brings together the most celebrated meme coins in one place through its unique MemeVault protocol.

Holders of these top meme coins can stake them on Crypto All-Stars and earn passive income in STARS.

The main meme coins on Crypto All-Stars include Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More will be added in coming months.

Apart from staking other meme coins, you can also buy and stake $STARS tokens, which have an impressive annual percentage yield (APY) of 2,178%.

You can buy $STARS tokens currently for $0.0013966 each. With a price increase coming in less than 3 hours, you should act fast to get the meme coin at the best possible price.

Purchase $STARS from its official website here using BNB, USDT, or a bank card.

The above is the detailed content of Avalanche (AVAX) Price Prediction: Will AVAX Continue Soaring After Grayscale Adds Support?. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the CrowdAs Fear Drives Selling, BlockDAG (BDAG) Stands Out from the CrowdApr 13, 2025 am 11:48 AM

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

The general crypto market has recovered as digital assets shake off bearish sentimentsThe general crypto market has recovered as digital assets shake off bearish sentimentsApr 13, 2025 am 11:46 AM

In the past 24 hours, the general crypto market has recovered as digital assets shake off bearish sentiments. Within this time frame

Bitcoin's Current Cycle Shows Strong Similarities to the Structural Resets Seen in Both 2017 and 2021.Bitcoin's Current Cycle Shows Strong Similarities to the Structural Resets Seen in Both 2017 and 2021.Apr 13, 2025 am 11:44 AM

Key market indicators, like the relationship between Bitcoin and market volatility (BTC/VIX ratio) and the total crypto market capitalization on weekly charts

New Meme Coins to Watch Now: Cheems Token, Siren, and PeiPeiNew Meme Coins to Watch Now: Cheems Token, Siren, and PeiPeiApr 13, 2025 am 11:42 AM

As meme coins continue to take the crypto world by storm, savvy investors are constantly looking for the next big opportunity.

The Crypto Market Has Witnessed a Rebound Following the Recent Sheer DownturnThe Crypto Market Has Witnessed a Rebound Following the Recent Sheer DownturnApr 13, 2025 am 11:40 AM

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

He got rich off pixelated punks — and punked the Internal Revenue Service in the processHe got rich off pixelated punks — and punked the Internal Revenue Service in the processApr 13, 2025 am 11:38 AM

A Pennsylvania man faces federal prison after pleading guilty to flipping more than $13 million worth of digital art from the infamous CryptoPunks NFT collection — and reporting none of it to the IRS, prosecutors said Friday.

Trending Meme Coins To Buy NowTrending Meme Coins To Buy NowApr 13, 2025 am 11:36 AM

In recent times, meme coins have emerged as a unique and exciting investment opportunity, drawing both seasoned investors and newcomers alike.

Toncoin (TON) Appears to Be Positioning Itself for a Short-term ReboundToncoin (TON) Appears to Be Positioning Itself for a Short-term ReboundApr 13, 2025 am 11:34 AM

Toncoin appears to be positioning itself for a short-term rebound after enduring a week of market-wide losses that affected most cryptocurrencies.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools