Along with Bitcoin, the altcoin market is also playing a major catch-up with a strong 2.6% rally in the broader crypto markets. Avalanche, in particular, has emerged to be today’s star performer! The Avalanche (AVAX) price has shot up by 10% in the last 24 hours and is currently trading at $39.28 with a market cap of $14.43 billion. Interestingly, the AVAX trading volume has also shot up by 82% in the last 24 hours.
Avalanche (AVAX) Topple Dogecoin
Amid the current price rally, Avalanche (AVAX) has unseated Dogecoin for the ninth spot. The altcoin has registered a strong rally during the fourth quarter of 2023 making its place in the top ten crypto list.
The daily AVAX/USD chart suggests a potential breakout scenario. At press time, the bulls are already challenging the $39 resistance level, and a successful breakout could possibly propel AVAX to $43.85. Conversely, a rejection could lead to a pullback towards the next support zone at $33.85.
At present, the Relative Strength Index
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