AVAX Might Experience a Long-Term Rally as It Keeps Gaining Global Recognition

AVAX keeps scaling through the ordeals facing other cryptocurrencies as it gains global recognition. This recognition strengthens Avalanche more in the Web3 and gaming sectors. Recently, a financial app is popularly known worldwide as Revolut has collaborated with Avalanche in launching its fifth cryptocurrency educational course “Learn & Earn”.

The “Learn & Earn” lesson is typically dedicated to Web3 developers as well as business owners. Moreover, the courses are aimed at helping promote the widespread knowledge of cryptocurrency, blockchain technology, tokens, and other related topics. As the global recognition of Avalanche progresses, AVAX might experience a long-term bull run.

Key AVAX Levels To Watch – May 2

Following the reversal at the $10.577300 demand zone, the Moving Average flipped bullish. This occurred as the Moving Average swiftly crossed the price to the upside. While the buying momentum is seemingly decreasing, the overall trend remains bullish.

Owing to the selling pressure at the $18.661110 supply zone, AVAXUSD has been finding it difficult to resume the uptrend. According to the Moving Average Convergence Divergence (MACD), the price is now heading into the 79.0% Fibonacci retracement level. The resumption of the uptrend is most probably after the 79.0% Fibonacci retracement level is reached.

Avalanche Key  Levels

Resistance Levels: $18.661110, $22.796300, $30.867700
Support Levels: $14.609400, $12.946240, $10.577300

Total Market Capitalization: $1.18T
Avalanche Market Capitalization: $5.56B
Avalanche Volume: $0.13B
Market Rank: #16

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