In the face of a broader cryptocurrency market correction, Avalanche (AVAX) has defied the trend, showcasing resilience with a remarkable 15% surge in the past 24 hours, establishing itself as a top performer. After trading within a confined range of $16.49 to $19.07 for over a week, AVAX gained momentum, breaking out of the range. However, a brief rally met resistance at $23.97, leading to a consolidation phase between $19.07 and $23.97. With renewed market vigor, the price experienced a notable pump.
<h2>AVAX Price Surge: Tests Resistance, Eyes Further Gains</h2>
Approaching its $27.46 resistance, AVAX exhibited a 28% surge, encountering rejection at $35 before subsequent attempts successfully breached the level. The recent 15% jump has propelled <a href="https://www.cryptoknowmics.com/news/avalanches-avax-underwhelming-quarter-1-investors-are-moving-to-sparklo-sprk-presale/">AVAX</a> to a new yearly high. Technical indicators, such as the MACD, display sustained bullish momentum, suggesting continued upward pressure. Holding above the $40.01 support could pave the way for testing resistance at $42.50, setting the stage for further gains toward the upper level of $45. Conversely, failure to break $42.50 may lead to a retest of support at $40, with a potential dip to $35 if a trend reversal occurs by month-end.

Avalanche Hits Record High! $45 Next?

Witness Avalanche's soaring success as it achieves a new high. Is $45 the next milestone? Stay informed on the latest price trends. #Avalanche #Crypto

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Avalanche Hits Record High! $45 Next?

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