Bulls lift AVAX price by more than 13%; Indicators point to more upward momentum
- The $17.83 price level provides strong support for AVAX, preventing the bears from taking control
- If the bulls are to triumph, the $21.68 resistance must hold.
- The AVAX market is expected to remain under bullish pressure according to indicators.
The bearish grip on (AVAX) lost control of the market as it found support at $17.83. As a result of the bullish intervention, AVAX price reached a high of $21.68 before encountering strong resistance. However, at press time, bullish control pushed the price up 13.30% to $20.48.
As a result of the bullish dominance of the Avalanche market, market capitalization and 24-hour trading volume increased by 12.07% to $6,407,859,496 and 86.21% to $865,601,315, respectively.
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