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NewsBTC 2022-11-01 04:00:42

Avalanche Price Can Gain Further Momentum If The Bulls Barrel Past $19

Avalanche price has shown bullish strength over the last 24 hours. It has been one of the few altcoins that have remained positive despite most altcoins losing value over the past day. In the past day alone, the altcoin has appreciated by close to 4%. In the last week, AVAX rallied over 16%. It is important that Avalanche continues to race upward for positive price action to remain in the market. The technical outlook for the coin showed that bulls were in complete control of the asset. Demand for the coin jumped north and buying strength kept registering northbound movement on the chart. The chance of a price pullback cannot be ruled out just yet. It is crucial for AVAX to move past the $19 price mark. Going past this price mark will help Avalanche price remain bullish. Tough resistance for Avalanche was at $19.60, and moving past that would make it easy for the coin to touch the $20 price level. The global cryptocurrency market cap today is $1.06 trillion, with a 0.0% change in the last 24 hours. Avalanche Price Analysis: One-Day Chart AVAX was trading at $18.90 at the time of writing. The bulls are trying hard to move past the immediate resistance mark for the coin. By doing so, Avalanche will be under a bullish influence over the next trading sessions. Overhead resistance for the coin stood at $19.07 and then at $19.60. Crossing these two hurdles will take AVAX to the $20 price mark. On the flip side, if AVAX has to lose i...

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