Avalanche price analysis: AVAX prices step towards $25.0, bullish momentum gathers

Avalanche price analysis reveals that the AVAX/USD pair has seen a lot of volatility in the past 24 hours, with prices rocketing higher and then quickly retracing some of those gains. At the time of writing, AVAX is trading up over 1.72 percent at its current price of $24.48, which marks a slight increase from.

Timeline of Avalanche

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since back-pedaling from its April highs, Avalanche (AVAX) registered a substantial spike in the selling vigor.

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to scaling, but they face the need to make additional technical advances before they can achieve sufficient stability at scale

A well followed crypto analyst is developing long-term possibilities that will fuel a bullish rally for Ethereum (ETH) price and two of its main competitors. In a strategic planning talk, pseudonymous crypto analyst Cred claims that Ethereum is now moving below critical weekly support. Now the bulls must regain in order to ignite a 30% …

Avalanche price analysis suggests downwards movement across the short-term charts. The closest support level lies at $22.74 AVAX faces resistance at the $24.96 mark The Avalanche price analysis shows that AVAX has been unable to climb past the $25.00 mark as the bearish pressure increased in recent hours.

Terra‘s unfortunate de-pegging event made May a bloody month for the overall crypto ecosystem. Despite the obvious downtrend, one particular ecosystem, Avalanche showcased some promising developments.

Avalance price analysis is bullish today as the market gears up for a breakout from the descending triangle pattern. The AVAX/USD pair is currently trading at $22.94 and is facing resistance at $23.36.

A new descending trendline carrying the ongoing downfall has pulled the Avalanche(AVAX) price back to $22 support. If sellers continue to exert pressure, the coin price could nosedive below this support extending the fall by another 30%.

Avalanche price analysis indicates that the prices are still bearish after the market has been struggling to move beyond the $24.0 level. Avalanche prices are currently trading at $22.75 and are down by over 7 percent in the last 24 hours according to data from CoinMarketCap.The market capitalization of the project is currently at $1.6.

In the midst of this week's market turbulence, a crypto trader who is pseudonymously known as Altcoin Sherpa is expressing his view on Ethereum price and other altcoins. Avalanche (AVAX) The analyst informs his 176,300 Followers on twitter that the native currency for smart contract platform Avalanche (AXAX) may see a nice short-term trading option …

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week's market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn't think the asset has hit its “macro bottom” quite yet. $AVAX: The post Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst appeared first on The Daily Hodl.