bullish

DeFi

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Avalanche

<p>The crypto market is in turmoil with Avalanche (AVAX) establishing itself as one of the best-performing assets in recent weeks. Thanks to its value doubling in record time, AVAX has captured the attention of investors, while also reviving speculation about a potential extended rally. As the Avalanche platform continues to strengthen its ecosystem, could this price surge mark a sustainable change, or signal an impending overheating?</p>
<h2 id="h-a-rebound-fueled-by-technical-and-fundamental-signals">A rebound fueled by technical and fundamental signals</h2>
<p><a href="https://www.cointribune.com/quest-ce-que-avalanche-nos-explications-detaillees/" target="_blank" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) has seen its price explode, rising from $21.56 to a recent high of $47.81, a 100 % increase. This bullish movement was triggered by a decisive break of a long-term bearish trend, with a successful retest of its key level at $38.57. According to observers, this level represents a “critical zone to maintain bullish momentum,” and its retention could allow for new targets, notably the psychological barrier of $60.</p>
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<p>Alongside these technical indicators, the activity volume on Avalanche has significantly increased. On-chain data shows a 51.83% rise in new addresses in one week and a 9.09 % increase in total value locked (TVL) on the platform, now at $1.443 billion. <a href="https://ambcrypto.com/avax-jumps-100-will-avalanche-hit-60-now-or-is-a-pullback-here/?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noopener noreferrer nofollow">These signals suggest a renewed interest in Avalanche</a> among DeFi users and beyond.</p>
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<h2 id="short-term-challenges-and-opportunities-for-avalanche">Short-term challenges and opportunities for Avalanche</h2>
<p>Despite the prevailing euphoria, some technical indicators call for caution. The Bollinger Bands indicate that “the AVAX token is in overbought territory, which could trigger a pullback towards the 20-day moving average at $32.70,” according to TradingView’s observations. This scenario provides further insights into a potential slow down of the bullish trend, fueling speculation about short-term consolidation.</p>
<p>However, the growing commitment from the community and the increase in platform revenues ($75,998 per day) reinforce Avalanche’s relevance in the market. If AVAX can maintain its current levels and overcome the critical resistance at $47.81, it could pave the way for historical levels. The platform will also need to prove its resilience against competitors like Ethereum, whose stablecoin market remains a significant leverage.</p>
<p><em>In reflection, the recent rise of Avalanche highlights the importance of key levels and the growing adoption of the ecosystem. However, with the <a href="https://www.cointribune.com/en/crypto-volatility-economic-factors-that-could-amplify-downturns/" target="_blank" rel="noopener noreferrer nofollow">inherent volatility</a> of cryptos, it is crucial for investors to monitor strategic supports and remain vigilant for overheating signals. The coming days will be decisive in determining whether Avalanche can transform this momentum into a genuine, sustainable breakthrough in the crypto universe or if a pullback will temporarily adjust its price.</em></p>

Avalanche Surges By 100 % : Crypto Market On Edge

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