Avalanche Price Surges 9% as Bulls Show Strength
The price of Avalanche (AVAX) has surged by 9% in the past 24 hours, reaching $11.26. This follows a week of increased volatility that saw AVAX rise by 27%. CoinGecko.com data shows a significant 24% increase in AVAX’s trading volume, which reached $359 million.
Potential Transition to an Upward Trend
Currently, Avalanche price is moving within a downward channel, indicating the possibility of a transition to an upward trend. This presents a good opportunity for investors, particularly after a period of consolidation.
AVAX has shown signs of recovery from the support level of $8.75 and the breakout could encourage bulls to push prices higher. This could affirm a bullish trend in the coming weeks and throughout Q4 2023.
Avalanche Price Signals Bullish Momentum
The relative strength index (RSI) is near the overbought territory with a current value of 69, reinforcing the bullish sentiment and signaling increased buying pressure. AVAX’s price has surpassed the 50-day moving average but has yet to reach the 200-day moving average, suggesting a potential price pullback with a target of $13.2.
To sustain the upward momentum, it is crucial for the bulls to maintain a position above the 50-day moving average. If the bullish momentum continues, resistance levels at $12.83 and $14.22 could be achievable. However, if bears gain an edge, they may find support from the 200-day simple moving average around $9.15.
TG.Casino Presale Nears $1.5 Million with Secure Betting Opportunities
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During the presale, access the official presale portal on TG.Casino’s website and choose your payment method: Ethereum (ETH) or Tether (USDT) on the Ethereum network or Binance Smart Chain with BNB or USDT. Link your crypto wallet to the platform if it’s disconnected and specify the desired quantity of tokens (minimum is 100 TGC). Finally, click “Approve” to verify the transaction on the blockchain.
Hot Take: TG.Casino Presents Lucrative Opportunity for AVAX Investors
TG.Casino’s presale success and the promise of secure betting and potential price surges make it an appealing option for AVAX investors. With a range of features such as staking, passive income opportunities, and no KYC requirements, TG.Casino offers versatility and growth potential. Don’t miss out on this opportunity to be part of the ultimate telegram betting platform.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
