The Avalanche token as of today has claimed notable gains. What’s more is that its price action retains a good stand and suggests more upside retracement. As of the time of writing, the coin holds a price increase of 8.51% and technical indicators are still bullishly biased.
AVAX Market Statistics
Current Price: $32.00
Market Capitalization: $13.82B
Circulating Supply: 422.27M
Total Supply: 715.74M
CoinMarketCap Rank: 14
Key Price Levels
Resistance: $35.00, $40.00, $45.00
Support: $30.00, $25.00, $20.00
Avalanche Locks in a Target
The AVAX/USDT market is raging towards higher price levels with much momentum. The ongoing session on the token’s 24-hour chart is represented by a conspicuous green price candle.
Also, it keeps propelling the market upward above the 9-day Exponential Moving Average (EMA) line. The Stochastic Relative Strength Index (SRSI) indicator lines are in the overbought region and still look ready to proceed higher subsequently. This will stimulate more buying in the meantime.
AVAX Stays Poised for More Upside Movement
On shorter time frames, it seems price action stays under bullish influences. The last price candle has appeared green following the previous bearish restraint.
The appearance of the ongoing session has shown that buyers are hoping to continue applying pressure in the ongoing session.
Likewise, price activity stands above the 9-day EMA curve. The SRSI lines can be seen still in the overbought region of the indicator. Consequently, this market is primed for more movement in the market toward the $36.00.
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