Avalanche (AVAX) Price Achieves Yearly High of $38– Can It Increase to $50?
The Avalanche (AVAX) rate increased promptly in December, reaching a brand-new annual high of $38 the other day.
There is no certain horizontal resistance above the existing AVAX cost. The length of time will it increase?
AVAX Breaks Out From 750-Day Resistance
The weekly amount of time technical analysis reveals that the AVAX rate has actually increased rapidly because October. The upward motion culminated with a brand-new annual high of $38 the other day.
AVAX broke out from a 750-day coming down resistance pattern line throughout the boost, which had actually formerly remained in location given that the all-time high.
AVAX/USD Weekly Chart. Source: TradingView
With the RSI as a momentum indication, traders can identify whether a market is overbought or oversold and choose whether to bui...