{"id":203464,"date":"2023-11-30T11:20:43","date_gmt":"2023-11-30T05:50:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203464"},"modified":"2023-11-30T11:20:43","modified_gmt":"2023-11-30T05:50:43","slug":"avalanche-rally-just-getting-started-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/avalanche-rally-just-getting-started-crypto-news\/","title":{"rendered":"Avalanche Rally Just Getting Started? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25.<\/em><\/p>\n<ul>\n<li>AVAX price is showing positive signs above the $20 level against the US dollar.<\/li>\n<li>The price is trading above $21 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if there is a clear move above the $22.50 and $23.00 resistance levels.<\/li>\n<\/ul>\n<h2>AVAX Price Signals Fresh Rally<\/h2>\n<p>After a strong increase, Avalanche\u2019s AVAX faced resistance near the $24.00 zone. It started a downside correction from $24.05 but remained in a positive zone, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-consolidates-37550\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-rally-jeopardy-2075\/\">Ethereum<\/a>.<\/p>\n<p>There was a drop below the $23 and $22 levels. The price declined below the 50% Fib retracement level of the upward move from the $15.60 swing low to the $24.05 high. It even spiked below the $20 support zone. However, the bulls were active above $18.80.<\/p>\n<p>AVAX price found support near $18.80 and the 61.8% Fib retracement level of the upward move from the $15.60 swing low to the $24.05 high. It is again moving higher and trading above the $20 level.<\/p>\n<p>There was a move above the $21 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX\/USD pair. On the upside, an immediate resistance is near the $22.50 zone.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/AVAX-Price-1.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AVAXUSD\/\">AVAXUSD on TradingView.com<\/a><\/p>\n<p>The next major resistance is forming near the $23.00 zone. If there is an upside break above the $22.50 and $23.00 levels, the price could surge over 10%. In the stated case, the price could rise steadily towards the $25 level.<\/p>\n<h2>Dips Limited in Avalanche?<\/h2>\n<p>If AVAX price fails to continue higher above the $22.50 or $23.00 levels, it could start another decline. Immediate support on the downside is near the $20.60 level and the 100 simple moving average (4 hours).<\/p>\n<p>The main support is near the $19.50 zone. A downside break below the $19.50 level could open the doors for a fresh decline towards $18.80. The next major support is near the $15.80 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $19.50 and $18.80.<\/p>\n<p>Major Resistance Levels \u2013 $22.50, $23.00, and $25.00.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25. AVAX price is showing positive signs above the $20 level against the US dollar. The price is trading above $21 and the 100 simple moving average (4 hours). There [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-203464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203464","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=203464"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203464\/revisions"}],"predecessor-version":[{"id":203466,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203464\/revisions\/203466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203465"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}