AVAX breaks resistance and approaches a new upward wave
Avalanche (AVAX) saw a rise of over 5.6% after a morning drop to $28.37, returning to break the resistance between $28.42 – $30.88, recording a daily high of $30.93.
📊 Key market data:
• Current price: $30.46
• Market cap: $12.85 billion
• Trading volume: ↑ 11.5% to $1.26 billion
• Liquidations: $1.98 million over 24 hours
🔎 Technical signals:
• MACD above zero → Upward trend.
• RSI at 61.5 → Moderate momentum.
• CMF close to zero → Weak selling pressure.
📈 Scenarios:
• Nearby resistance at $30.53, breaking it may push the price to $30.60+.
• Support at $30.39, breaking it may bring the price back to $30.32.
✅ Summary:
AVAX shows moderate upward momentum supported by liquidity and technical indicators, with a chance to test higher levels before the end of the week.
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🚀 “Will AVAX surge towards $40 soon?