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{"id":628786,"date":"2024-07-10T05:18:54","date_gmt":"2024-07-10T05:18:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=628786"},"modified":"2024-07-10T04:36:54","modified_gmt":"2024-07-10T04:36:54","slug":"avalanche-avax-price-teases-30","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/avax\/avalanche-avax-price-teases-30\/","title":{"rendered":"Avalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides"},"content":{"rendered":"

AVAX price is gaining pace above the $26.50 resistance. Avalanche could rise further if there is a clear move above the $27.75 resistance zone.<\/em><\/p>\n

\n
AVAX price is moving higher from the $24.70 support zone against the US dollar.<\/li>\n
The price is trading above $26.50 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $26.50 on the hourly chart of the AVAX\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise if it stays above the $26.00 and $25.50 support levels.<\/li>\n<\/ul>\n
AVAX Price Aims Higher<\/h2>\n
After a steady decline, Avalanche\u2019s AVAX found support near the $22.00 zone. A support base was formed above $22.00, and the price started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The price gained over 7% and broke many hurdles near $25.00. There was a break above a key bearish trend line with resistance at $26.50 on the hourly chart of the AVAX\/USD pair. It cleared the 76.4% Fib retracement level of the downward move from the $27.17 swing high to the $24.72 low.<\/p>\n
The pair even cleared the $27.00 resistance to move into a positive zone. AVAX price is now trading above $26.50 and the 100-hourly simple moving average.<\/p>\n
$\"AVAX$ <\/a>
Source: AVAXUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, an immediate resistance is near $27.75. The next major resistance is forming near the $28.70 zone or the 1.618 Fib extension level of the downward move from the $27.17 swing high to the $24.72 low. If there is an upside break above the $28.70 level, the price could accelerate higher. In the stated case, the price could rise steadily toward the $30.00 level or even $32.00.<\/p>\n
Dips Supported in Avalanche?<\/h2>\n
If AVAX price fails to continue higher above the $27.75 or $28.70 levels, it could start a downside correction. Immediate support on the downside is near the $26.50 level.<\/p>\n
The main support is near the $26.00 zone and the 100 simple moving average (4 hours). A downside break below the $26.00 level could open the doors for a drop toward $24.70. The next major support is near the $22.50 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $26.50 and $26.00.<\/p>\n
Major Resistance Levels \u2013 $27.75 and $27.70.<\/p>\n","protected":false},"excerpt":{"rendered":"
AVAX price is gaining pace above the $26.50 resistance. Avalanche could rise further if there is a clear move above the $27.75 resistance zone. AVAX price is moving higher from the $24.70 support zone against the US dollar. The price is trading above $26.50 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $26.50 on the hourly chart of the AVAX\/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $26.00 and $25.50 support levels. AVAX Price Aims Higher After a steady decline, Avalanche\u2019s AVAX found support near the $22.00 zone. A support base was formed above $22.00, and the price started a fresh increase, like Bitcoin and Ethereum. The price gained over 7% and broke many hurdles near $25.00. There was a break above a key bearish trend line with resistance at $26.50 on the hourly chart of the AVAX\/USD pair. It cleared the 76.4% Fib retracement level of the downward move from the $27.17 swing high to the $24.72 low. The pair even cleared the $27.00 resistance to move into a positive zone. AVAX price is now trading above $26.50 and the 100-hourly simple moving average. On the upside, an immediate resistance is near $27.75. The next major resistance is forming near the $28.70 zone or the 1.618 Fib extension level of the downward move from the $27.17 swing high to the $24.72 low. If there is an upside break above the $28.70 level, the price could accelerate higher. In the stated case, the price could rise steadily toward the $30.00 level or even $32.00. Dips Supported in Avalanche? If AVAX price fails to continue higher above the $27.75 or $28.70 levels, it could start a downside correction. Immediate support on the downside is near the $26.50 level. The main support is near the $26.00 zone and the 100 simple moving average (4 hours). A downside break below the $26.00 level could open the doors for a drop toward $24.70. The next major support is near the $22.50 level. Technical Indicators Hourly MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level. Major Support Levels \u2013 $26.50 and $26.00. Major Resistance Levels \u2013 $27.75 and $27.70.<\/p>\n","protected":false},"author":67,"featured_media":628789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89168],"tags":[9885,86511,83609],"class_list":["post-628786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avax","tag-avalanche","tag-avaxusd","tag-avaxusdt"],"acf":[],"yoast_head":"\nAvalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides<\/title>\n<meta name=\"description\" content=\"AVAX price is gaining pace above the $26.50 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Avalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides","url":"http:\/\/uniquehot.com\/analysis\/avax\/avalanche-avax-price-teases-30\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/avax\/avalanche-avax-price-teases-30\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Avalanche-AVAX-Upsides.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Avalanche-AVAX-Upsides.jpeg?fit=1792%2C1024"},"articleSection":"AVAX","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche","avaxusd","avaxusdt"],"dateCreated":"2024-07-10T05:18:54Z","datePublished":"2024-07-10T05:18:54Z","dateModified":"2024-07-10T05:18:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Avalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/avax\\\/avalanche-avax-price-teases-30\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/avax\\\/avalanche-avax-price-teases-30\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Avalanche-AVAX-Upsides.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Avalanche-AVAX-Upsides.jpeg?fit=1792%2C1024\"},\"articleSection\":\"AVAX\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche\",\"avaxusd\",\"avaxusdt\"],\"dateCreated\":\"2024-07-10T05:18:54Z\",\"datePublished\":\"2024-07-10T05:18:54Z\",\"dateModified\":\"2024-07-10T05:18:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Avalanche-AVAX-Upsides.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/628786"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=628786"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/628786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/628789"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=628786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=628786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=628786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}