{"id":647590,"date":"2024-10-12T17:00:11","date_gmt":"2024-10-12T17:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=647590"},"modified":"2024-10-12T09:41:27","modified_gmt":"2024-10-12T09:41:27","slug":"avalanche-eyes-29-35-breakout","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/avax\/avalanche-eyes-29-35-breakout\/","title":{"rendered":"Avalanche Rebounds: Eyes $29.35 Breakout And Further Gains"},"content":{"rendered":"

Avalanche<\/span> (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. After a period of consolidation, AVAX\u2019s price action hints at a possible <\/span>breakout<\/span><\/a>, which could trigger a strong upward movement. With technical indicators showing signs of strength, the market’s focus now <\/span>shifts<\/span><\/a> to whether Avalanche can sustain this upward momentum and push past the $29.35 barrier for a sustained move higher.<\/span><\/p>\n

This analysis aims to evaluate Avalanche’s recent price rebound and assess whether it has the momentum to break through the key $29.35 resistance level. By examining technical indicators, market sentiment, and price trends, we seek to determine if the token is poised for further gains, setting the stage for a sustained rally in the coming sessions.<\/span><\/p>\n

AVAX’s Strong Bounce: Will Momentum Continue?<\/strong><\/h2>\n

Following the bullish comeback at $25, <\/span>AVAX’<\/span>s price on the 4-hour chart has continued to gain strength to surge toward the $29.35 resistance level. AVAX is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout.<\/span><\/p>\n

\"Avalanche\"
AVAX’s upward push eyes $29.35 resistance level | Source: AVAXUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has risen above the 50% mark and is currently sitting at 74%, indicating strong bullish <\/span>momentum<\/span><\/a>. As long as the RSI remains elevated and buyers maintain control, the asset could experience additional gains with the possibility of reaching new highs.<\/span><\/p>\n

Related Reading: Can Avalanche (AVAX) Reclaim $30? Top Analyst Predicts A Dip Before A Bounce<\/a><\/div>\n

Additionally, the daily chart illustrates that AVAX is showcasing a significant upward push, characterized by a positive candlestick pattern following its rebound above the 100-day SMA. The asset is currently attempting to breach the critical resistance level at $29.35. Successfully overcoming this barrier would reinforce the prevailing upward trend and boost <\/span>market<\/span><\/a> sentiment, signaling heightened buying interest.<\/span><\/p>\n

\"Avalanche\"
Avalanche demonstrates strength after surpassing the 100-day SMA | Source: AVAXUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that Avalanche may maintain its optimistic trajectory. The indicator’s signal line after dropping to 44% is rising again and is currently positioned at 59%,\u00a0 indicating that buying pressure could remain strong and potentially drive further price appreciation in the near term.<\/span><\/p>\n

What\u2019s Next For Avalanche If $29.35 Is Breached?<\/strong><\/h2>\n

If Avalanche successfully breaches the critical <\/span>resistance<\/span><\/a> level of $29.35, it could set the stage for a significant <\/span>rally<\/span><\/a> toward the $42 resistance mark. A breakout above this level could lead to a series of upward targets, pushing the price toward new highs as market confidence grows.<\/span><\/p>\n

Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal<\/a><\/div>\n

However, if Avalanche fails to maintain this strength and breaks above the $29.35 resistance level, it could result in a pullback, with the price sliding back toward the $18.85 <\/span>support<\/span><\/a> zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas.<\/span><\/p>\n

\"Avalanche\"
AVAX trading at $28 on the 1D chart | Source: AVAXUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Avalanche (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. After a period of consolidation, AVAX\u2019s price action hints at a possible breakout, which could trigger a strong upward movement. With technical indicators showing signs of strength, the market’s focus now shifts to whether Avalanche can sustain this upward momentum and push past the $29.35 barrier for a sustained move higher. This analysis aims to evaluate Avalanche’s recent price rebound and assess whether it has the momentum to break through the key $29.35 resistance level. By examining technical indicators, market sentiment, and price trends, we seek to determine if the token is poised for further gains, setting the stage for a sustained rally in the coming sessions. AVAX’s Strong Bounce: Will Momentum Continue? Following the bullish comeback at $25, AVAX’s price on the 4-hour chart has continued to gain strength to surge toward the $29.35 resistance level. AVAX is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has risen above the 50% mark and is currently sitting at 74%, indicating strong bullish momentum. As long as the RSI remains elevated and buyers maintain control, the asset could experience additional gains with the possibility of reaching new highs. Related Reading: Can Avalanche (AVAX) Reclaim $30? Top Analyst Predicts A Dip Before A Bounce Additionally, the daily chart illustrates that AVAX is showcasing a significant upward push, characterized by a positive candlestick pattern following its rebound above the 100-day SMA. The asset is currently attempting to breach the critical resistance level at $29.35. Successfully overcoming this barrier would reinforce the prevailing upward trend and boost market sentiment, signaling heightened buying interest. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that Avalanche may maintain its optimistic trajectory. The indicator’s signal line after dropping to 44% is rising again and is currently positioned at 59%,\u00a0 indicating that buying pressure could remain strong and potentially drive further price appreciation in the near term. What\u2019s Next For Avalanche If $29.35 Is Breached? If Avalanche successfully breaches the critical resistance level of $29.35, it could set the stage for a significant rally toward the $42 resistance mark. A breakout above this level could lead to a series of upward targets, pushing the price toward new highs as market confidence grows. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal However, if Avalanche fails to maintain this strength and breaks above the $29.35 resistance level, it could result in a pullback, with the price sliding back toward the $18.85 support zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":647592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89168],"tags":[9885,83347,86511,83609,93199,16393,14763,91599],"class_list":["post-647590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avax","tag-avalanche","tag-avax","tag-avaxusd","tag-avaxusdt","tag-candlestick","tag-relative-strength-index","tag-rsi","tag-simple-moving-average"],"acf":[],"yoast_head":"\nAvalanche Rebounds: Eyes $29.35 Breakout And Further Gains<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Avalanche Rebounds: Eyes $29.35 Breakout And Further Gains","url":"http:\/\/ktsl888.com\/analysis\/avax\/avalanche-eyes-29-35-breakout\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/analysis\/avax\/avalanche-eyes-29-35-breakout\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/photo_5787605995323769489_x.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/photo_5787605995323769489_x.jpg?fit=600%2C400"},"articleSection":"AVAX","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche","avax","avaxusd","avaxusdt","candlestick","relative strength index","rsi","simple moving average"],"dateCreated":"2024-10-12T17:00:11Z","datePublished":"2024-10-12T17:00:11Z","dateModified":"2024-10-12T17:00:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Avalanche Rebounds: Eyes $29.35 Breakout And Further Gains\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/avax\\\/avalanche-eyes-29-35-breakout\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/avax\\\/avalanche-eyes-29-35-breakout\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/photo_5787605995323769489_x.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/photo_5787605995323769489_x.jpg?fit=600%2C400\"},\"articleSection\":\"AVAX\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche\",\"avax\",\"avaxusd\",\"avaxusdt\",\"candlestick\",\"relative strength index\",\"rsi\",\"simple moving average\"],\"dateCreated\":\"2024-10-12T17:00:11Z\",\"datePublished\":\"2024-10-12T17:00:11Z\",\"dateModified\":\"2024-10-12T17:00:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/photo_5787605995323769489_x.jpg?fit=600%2C400","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/647590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=647590"}],"version-history":[{"count":3,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/647590\/revisions"}],"predecessor-version":[{"id":647611,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/647590\/revisions\/647611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/647592"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=647590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=647590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=647590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}