Avalanche Jumps as Crypto Market Claws Back $26 Billion Overnight

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AVAX continues to expand upward as investor confidence continues to rise. AVAX is undoubtedly prominent among the watchlists of many cryptocurrency traders due to its ranking among the top 20 largest coins on Coin MarketCap. The continuous appreciation of AVAX can be attributed to the latest news regarding the launch of Core’s mobile version.

An EVM-compatible L1 blockchain is Core. By avoiding the need to constantly switch networks, Core makes transacting across several chains faster, simpler, and less expensive. The integration of the gaming, Defi, and NFT ecosystems over Avalanche and other networks is the main goal of this endeavor. The community of Avalanche is ecstatic about this development because it will make it feasible for transactions to take place across several networks while also making them simpler, quicker, and less expensive.

Key Avalanche Levels To Watch – February 23

The market’s order flow is currently bullish on the daily timeframe chart. The bullish trend that began after the rejection at the $10.57730 price level has been extended to the $22.79630 resistance. Following the expansion from the bullish order block, AVAXUSD might break the $22.79630 level.

According to the Moving Average Convergence Divergence (MACD) indicator, the market is extremely bullish. The MA Cross is currently signaling to buy, as the Moving Average Period 18 crossed the Moving Average Period 40 to the upside. 

Avalanche Key Levels

Resistance Levels: $37.867800, $30.867700, $22.796300
Support Levels: $14.609400, $10.577300, $9.291700

Total Market Capitalization: $1.10T
Avalanche Market Capitalization: $6.29B
Avalanche Volume: $0.36B
]Market Rank: #16

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