Avalanche

Date: Fri, August 23, 2024, 12:30 PM GMTThe cryptocurrency market is experiencing a strong upward trend this week, with many <a href="https://coinsprobe.com/web-stories/top-10-cryptocurrencies-which-holds-high-potential-for-bull-run-3/" rel="noopener noreferrer nofollow">altcoins </a>seeing significant gains. Bitcoin (BTC) has been holding steady around the $60K mark, providing a positive backdrop for major altcoins to rally.One standout performer has been Avalanche (AVAX), which has surged by 11.11% in the last 24 hours and an impressive 31% over the past week.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1e61ece684834a82b1348268929884f1.png" />Source: <a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">Coinmarketcap</a><h3 id="will-breakout-add-more-gains">Will Breakout Add More Gains?</h3><img src="https://coinsprobe.com/wp-content/uploads/2024/08/AVAXUSDT_2024-08-23_17-40-58.png" />Source: TradingviewThis surge is largely due to a key technical breakout. AVAX successfully broke through the resistance trendline at $25.18, pushing the token&#39;s price to its current level of $26.30.As AVAX continues to trade at $26.3, it is now retesting the previous resistance level of $25.18. If this retest is successful and the price pulls back from this level, it could pave the way for even more gains. Analysts suggest that AVAX could see an additional 15% increase, potentially reaching the next resistance target of $29.50.The market is watching closely to see if <a href="https://coinsprobe.com/avalanche-avax-surges-higher-following-breakout-more-gains-ahead/" rel="noopener noreferrer nofollow">AVAX </a>can maintain its momentum and continue its upward trajectory. If the breakout holds, AVAX could be in for more substantial gains in the days ahead.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice.

Avalanche Goes Higher Following Significant Breakout: More Gains Ahead?

Table of Contents

CoinsProbe

Other articles published on Aug 23, 2024

Why Bitcoin Could Plunge to $54K – The Key Factors at Play

Cardano’s Rebound: Analyzing ADA’s Recovery After Market Sell-Off

Donald Trump Teases ‘DeFiant Ones’ Crypto Platform: A Stand Against Financial Elites

Clair Meme ($CLAIR) The Top Bull Market Opportunity

Floki Trading Bot Goes Live on Mainnet for BNB, ETH, and Base

PayPal’s PYUSD Stablecoin Gains Momentum with Interest Rewards and Solana Integration

Join our free newsletter for daily crypto updates!