{"id":186540,"date":"2023-11-03T13:09:07","date_gmt":"2023-11-03T07:39:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=186540"},"modified":"2023-11-03T13:09:07","modified_gmt":"2023-11-03T07:39:07","slug":"why-avax-might-rally-by-another-15-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-avax-might-rally-by-another-15-crypto-news\/","title":{"rendered":"Why AVAX might rally by another 15% &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>AVAX has a strong bullish structure on the four-hour and daily charts.<\/em><\/li>\n<li><em>A move to $13.9 was likely to occur soon, and it was possible that a rally could climb past $15 in the coming weeks.<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/avalanche\" data-wpel-link=\"internal\">Avalanche [AVAX]<\/a> noted large gains on the token\u2019s price chart in the past two weeks. Avalanche was able to defend the former range lows and has now flipped the $11 level to support.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/avalanche-2-profit-calculator\" data-wpel-link=\"internal\">AVAX Profit Calculator<\/a><\/p>\n<hr \/>\n<p>News of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/avalanche-explorer-snowtrace-to-halt-operations\/\" data-wpel-link=\"internal\">SnowTrace<\/a> shutting down Etherscan-powered explorer service meant users would have to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/info.etherscan.com\/discontinuation-of-a-block-explorer\/\" data-wpel-link=\"external\">take some steps<\/a> to transition to alternate tools. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/gauging-the-impact-on-avalanche-as-stars-arena-ceo-steps-down\/\" data-wpel-link=\"internal\">Stars Arena<\/a>, a project on Avalanche, was also in the news after announcing that their CEO has stepped down. This came after a hack on 7 October that saw a loss of nearly $3 million.<\/p>\n<h4>AVAX is set to run higher after a positive reaction from the former resistance<\/h4>\n<div id=\"attachment_355588\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-355588\" class=\"size-full wp-image-355588\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-price.png\" alt=\"Avalanche set to rally another 15% after the retest of $11 as support, here's why\" width=\"1940\" height=\"1099\" \/><\/a><\/p>\n<p id=\"caption-attachment-355588\" class=\"wp-caption-text\">Source: AVAX\/USDT on TradingView<\/p>\n<\/div>\n<p>AVAX traded within a range (orange) that extended from $8.72-$10.92 since late August. In the past two weeks, the lows of this range at $8.7 were tested once more and were defended. This, combined with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/bitcoin\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC]<\/a> rally from $26.7k, provided the impetus for prices to sail past the $11 resistance.<\/p>\n<p>At the time of writing the market structure on the one-day chart was bullish. The RSI reflected that upward momentum was firm with a reading of 66. The OBV has also trended strongly upward in the past two weeks to signal a large buying volume.<\/p>\n<p>The breakout occurred on high trading volume. Additionally, the $11 and $11.6 were retested as support in the lower timeframes. This indicated that AVAX was likely to advance to the next major resistance at $13.9 and possibly higher.<\/p>\n<hr \/>\n<p style=\"text-align: center\">How much are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/100-avax-to-usd\" data-wpel-link=\"internal\">1, 10, or 100 AVAX worth<\/a> today?<\/p>\n<hr \/>\n<h4>The bulls could keep the party going if they manage to breach the $14 wall<\/h4>\n<div id=\"attachment_355587\" style=\"width: 1876px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-355587\" class=\"size-full wp-image-355587\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Avalanche set to rally another 15% after the retest of $11 as support, here's why\" width=\"1866\" height=\"1014\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock.png 1866w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock-300x163.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock-1024x556.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock-768x417.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock-1536x835.png 1536w\" data-lazy-sizes=\"(max-width: 1866px) 100vw, 1866px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-355587\" class=\"size-full wp-image-355587\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/PP-2-AVAX-hyblock.png\" alt=\"Avalanche set to rally another 15% after the retest of $11 as support, here's why\" width=\"1866\" height=\"1014\" \/><\/a><\/p>\n<p id=\"caption-attachment-355587\" class=\"wp-caption-text\">Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hyblockcapital.com\/liquidationlevel-heatmap\" data-wpel-link=\"external\">Hyblock<\/a><\/p>\n<\/div>\n<p>The liquidation levels heatmap above noted that a large amount of liquidity was present just below the $14 mark. This lined up well with the HTF resistance at $13.9. Moreover, the next major liquidity pools lie at $14.5 and $16.15.<\/p>\n<p>Liquidity attracts prices, therefore AVAX would be likely to climb to these targets if the buying pressure was sustained. Traders could use the $13.9, $14.5, and $16.15 levels to book profits at and re-enter long positions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. AVAX has a strong bullish structure on the four-hour and daily charts. A move to $13.9 was likely to occur soon, and it was possible that a rally could climb past $15 in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":186541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-186540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=186540"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186540\/revisions"}],"predecessor-version":[{"id":186543,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186540\/revisions\/186543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/186541"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}