The post Avalanche Price Records New High! Next Stop $45? appeared first on Coinpedia Fintech News
Despite the crypto industry experiencing a significant correction in value, the Avalanche price has added over 15% to its portfolio within the past 24 hours, making it one of the top gainers of the day.
The AVAX price traded in a narrow space between $16.49 and $19.07 for over a week, following which the price gained momentum and broke out of the range.
The rally was short-lived as the price faced rejection at $23.97, after which the price traded in a consolidated range between $19.07 and $23.97 for three weeks. As the market gained momentum, the price regained power, resulting in a price pump.
TradingView: AVAX/USDT
Avalanche price hovered close to its resistance level of $27.46 for a while. After this, the price displayed a jump of 28% before facing rejection at $35. After multiple attempts, the bulls successfully broke out but hovered close to its support/resistance level at $35.
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