Just as the year started, Avalanche (AVAX) has registered an 8.84% surge in the last 24 hours. In the morning hours, the token traded at a bottom mark of of $12.33, and with the bullish trend. According to CoinMarketCap, at the time of writing, the asset is trading at $13.64 with 0.11% increase in rate. The market cap of the coin has exceeded almost $5.85 billion, and the volume of AVAX is around $491.25 million.
The data given by CoinGlass suggests that the coin has been trading at an increasing rate of 1.23% for the past 4 hours. The 24-hour price performance data shows AVAX having an increasing rate of 0.74% in the trade.
Also Read: Avalanche (AVAX) Accumulation Pattern Hints at a Potential Rally Toward $253
AVAX’s price chart reveals the upward momentum, and it could climb toward the resistance (blue) at around $13.76.If a reversal occurs, the bears might push down the Avalanche price to the support at $13.24. In case the downside correction gains more traction, it can drive the asset’s price to a low of $12 or even lower.
The Moving Average Indicator (MA) shows that the token is currently in a bullish streak as the MA line is below the candlesticks. The Moving Average Convergence Divergence (MACD) also indicates that the token is in a bullish trend. This can be evidently seen as the MACD line (blue) of the coin is found above the signal line (orange), implying a positive outlook.
Other critical factors for the coin to maintain the bullish streak are the liquidity factor, broader market dynamics, and trends in social media.
The data given by CoinMarketCap indicates that 84% of the traders hope the asset to continue on the bullish path. The rest 16% doubts on a bearish scenario for the token in the near future.
As the year has begun, AVAX is progressing towards a much more significant turning point. Investors, traders, and analysts are closely observing the clear signals in network activity, liquidity, and confirmed technical breakouts before ensuring a stable move. Till those factors stabilise, AVAX remains sensitive to broader market sentiment and short-term trading dynamics.
Also Read: Avalanche (AVAX) Price Action Signals Potential Expansion Move Toward $28 Target


