AVAX’s price shows strength as it bounces from a downtrend range price rallied to a high of $18 with eyes set on $20. AVAX could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $20. AVAX’s price remains strong on the daily timeframe as the price attempts to break above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Avalanche (AVAX) has had a difficult year as the price has remained in a downward trend, but the price of AVAX may be about to change as it broke out of its daily descending triangle with good volume. The crypto market has looked more promising recently, with Bitcoin (BTC) and Ethereum (ETH) showing impressive price movement. AVAX’s price has risen from $15 to $18 as it attempts to grab the market by its horns. (Data from Binance) Related Reading: Aptos (APT) Continues To Shine With Over 18% Gains In Last Week Avalanche (AVAX) Price Analysis On The Weekly Chart Avalanche (AVAX) has struggled to regain its bullish momentum in recent times as the price has had a more quiet time, ranging in a weekly low of $15; despite the uncertainty that has befallen the crypto space, the price of AVAX held its ground as price defended its key support area of $15. Before it could continue to trend higher, AVAX’s price needed to replicate the rally that took it to an all-time high of $150. After t...
