By recording 5 consecutive days of positive price action, the Avalanche price is on the verge of achieving the $30 mark. Notably, the 12th largest cryptocurrency by market cap has added ~20% this week, making this the first such bullish week since August.
With #Bitcoin price achieving a new ATH each day, will the altcoin market continue experiencing a bullish rise? Further, with the AVAX price achieving its key target, will it slingshot to $50 during the upcoming time?
#AVAX Coin On The Path Of A Multi-month Breakout?
The Avalanche price has added 4.98% to its portfolio in the past 24 hours with a trading volume of $480.31 million. Moreover, it has added 18.91% over the past week and 12.21% during the past 30 days.
The Relative Strength Index (RSI) has successfully retested its oversold range in the 1D time frame. This has resulted in it recording an aggressive rise toward the overbought range.
The EMA 50/200-day hints at a potential Golden Cross in the Avalanche price chart. This suggests an increase in the bullish sentiment for the altcoin in the upcoming time.
AVAX Price To Retest $40 This Month?
If the bulls achieve the $31.50 mark, this could result in the Avalanche price heading toward its upper resistance level of $39.30. Maintaining the price above that level could push the price toward its target price of ~$50 in the upcoming weeks.
However, if this altcoin experiences a sell-off or investors liquidate their holdings to book profits, this could result in it retesting its low of $24.
$XRP $BTC
#BIOProtocol

The post Avalanche (AVAX) Large Txn Volume Soars 340%, Are Whales Buying? appeared first on Coinpedia Fintech News

Amid the ongoing bull run, recent data revealed that whales are now stepping into Avalanche (AVAX), indicating a potentially bullish signal. Currently, most cryptocurrencies are experiencing bullish breakouts, and with recent whale participation, it appears that AVAX may follow suit.

Why AVAX Price is Increasing?

On November 9, 2024, the large transaction volume of AVAX skyrocketed by 338% over the past 24 hours, according to the data from the on-chain analytics firm IntoTheBlock. Large transaction volume is a key metric that indicates whales and notable investors are making significant transactions, suggesting a bullish signal in the current bull market.

Additionally, an examination of all the parameters by IntoTheBlock further indicates a bullish signal for AVAX.

Source: IntoTheBlock

One important point traders need to know is that this significant large transaction volume is observed when the AVAX price is near a breakout of the crucial resistance level.

Avalanche (AVAX) Technical Analysis and Upcoming Levels 

According to the expert technical analysis, AVAX is near a strong resistance level of $30. Historically, this level has acted as a point of selling pressure for the asset, resulting in notable price declines. Since June 2024, AVAX has reached this level more than five times, and each time it experienced selling pressure and a price decline. 

Source: Trading View

However, this time few expect the same kind of price momentum, but looking at the current overall market sentiment it appears that this time history will not repeat itself.

Based on the recent price action, if AVAX breaches this resistance level and closes a daily candle above the $31.20 level, there is a strong possibility that the asset could soar by nearly 35%, reaching the $42 level in the coming days.

Currently, AVAX is trading above the 200 Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. Meanwhile, on the four-hour time frame, a golden crossover has appeared, suggesting a potential upside rally in the coming days.

Current Price Momentum 

At press time, AVAX is trading near $28.80 and has registered a price surge of over 3.15% in the past 24 hours. During the same period, its trading volume dropped by 10% indicating lower participation from traders and investors compared to the previous days.

Source: Coinglass

Meanwhile, AVAX’s open interest has jumped by 5.9% over the past 24 hours, suggesting growing interest from traders as they increase their open positions.

A new player is making waves in the crypto world. Catzilla, a meme coin with big ambitions, is catching the eye of investors. Those who once focused on Cardano and Avalanche are now watching this feline-themed token closely. Could Catzilla be the next coin to deliver massive returns and shake up the market?

Catzilla Unleashed: The Meme Coin Poised for Massive Gains

In a world where financial freedom feels out of reach, a new opportunity emerges—Catzilla! Born from the frenzy of meme culture and set for explosive growth, this is the meme coin investors have been waiting for!

14 Stages. Limitless Potential.

Catzilla offers a 14-stage presale, giving you multiple chances to grab the power-packed $CATZILLA token before it goes public. With each stage, the potential for growth increases, positioning early participants for significant returns as Catzilla advances through its presale phases.

Acting early allows you to participate in Catzilla's potential growth from the beginning.

Get in early and position yourself for potential gains!

A Global Community Poised for Action

Worldwide, there are billions of potential investors eager for the next big opportunity. Imagine the momentum as this meme coin gains traction, breaking barriers and capturing the attention of the crypto community. The adoption will be like a wave of energy, breaking through the market in epic style.

Catzilla defies outdated norms that have hindered the crypto space. This isn’t about manipulation—it’s about creating a decentralized environment where you have the opportunity to participate and thrive!

The Mission: Disrupt the Market. Rewrite the Rules

Catzilla aims to transform traditional systems that hold you back. It’s time to build a new landscape where you can rise up and claim your share. With every stage of this presale, the potential for growth increases.

This opportunity is available now, and by joining Catzilla, you could position yourself for potential future growth.

Get in now, watch Catzilla make its mark, and be part of the movement!

Cardano (ADA): A Sustainable and Scalable Blockchain Platform for Smart Contracts

Cardano (ADA) is a flexible, sustainable, and scalable blockchain platform designed for smart contracts, enabling decentralized finance applications, tokens, and games. Its native cryptocurrency, ADA, lets users store value, make payments, and stake on the network. Cardano uses the energy-efficient Ouroboros proof-of-stake mechanism. Its two-layered blockchain—the Settlement Layer for transactions and the Computing Layer for smart contracts—enhances processing capabilities potentially up to 1 million transactions per second. Introduced in March 2021, Cardano native tokens offer secure, low-fee smart contract interactions, setting a benchmark for blockchain efficiency. These innovations and sustainable approach may enhance Cardano's appeal in the current market cycle.

AVAX: Fast, Eco-Friendly Blockchain with Customizable Subnets

Avalanche (AVAX) is a Layer-1 blockchain known for low fees and fast transactions. It can process up to 4,500 transactions per second with finality in under 2 seconds. Avalanche allows users to launch custom Subnets, letting them create personalized blockchains. It uses a hybrid consensus mechanism that blends classical and Nakamoto consensus. The platform has three chains: X-Chain for asset transfers, C-Chain for smart contracts, and P-Chain for creating Subnets. AVAX is the native token used for transaction fees, staking to secure the network, and operating Subnets. With its strong technology and unique features, AVAX shows potential and may be attractive in the current market cycle.

Conclusion

ADA and AVAX may have limited short-term potential compared to Catzilla, a meme coin aiming to bring financial freedom to everyone. Offering a 700% ROI during its presale, Catzilla features governance rights, rewards for loyalty, and staking options for passive income. It invites crypto enthusiasts, meme fans, and anime lovers to join the fight against crypto villains by acquiring $CATZILLA tokens.

Site: Catzilla ($CATZILLA)

Twitter: https://x.com/CatzillaToken

Telegram: Telegram Chat

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Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Can Catzilla Deliver 10,000% Gains? ADA and AVAX Investors Are Eyeing This Future Meme Coin Giant appeared first on Crypto News Land.

According to Odaily, recent data from Arkham monitoring reveals a substantial transfer of digital assets into Grayscale's trust funds. Approximately two hours ago, a total of 8,851 AVAX tokens were moved from an unknown address beginning with 0xC7E into the Grayscale Avalanche Trust. This significant transaction highlights the ongoing interest and investment in the Avalanche ecosystem, which has been gaining traction in the cryptocurrency market.In addition to the AVAX transfer, the same unknown address also transferred 1,396 AAVE tokens into the Grayscale Aave Trust within the same timeframe. This movement of AAVE tokens underscores the growing attention towards decentralized finance (DeFi) platforms, with Aave being one of the leading protocols in this space. The influx of these tokens into Grayscale's trusts suggests a strategic accumulation by institutional investors, reflecting confidence in the long-term potential of these digital assets.These transactions are part of a broader trend where institutional investors are increasingly participating in the cryptocurrency market through established trust funds like those offered by Grayscale. Such movements are often seen as indicators of market sentiment and can influence the perception of these digital assets among retail investors. As the cryptocurrency landscape continues to evolve, the role of institutional investments remains pivotal in shaping the future of digital finance.

Avalanche (AVAX), a leading blockchain platform known for its speed and scalability, has seen an impressive 24% surge in price…

For the full story, head over to TheCurrencyAnalytics.com.

This week, the cryptocurrency market is experiencing a strong bullish trend, partially fueled by the recent U.S. presidential election. This development has drawn the attention of Polymarket bettors, who have benefited from recent market moves. Bitcoin reached a significant milestone on Friday, surpassing $77,000. This surge followed the U.S. Federal Reserve’s decision to lower interest rates by 25 basis points, setting a new target range of 4.50% to 4.75%. 

During the announcement, Fed Chair Jerome Powell emphasized that the rate adjustment was unrelated to the recent election results. The Fed’s decision appears to have injected fresh optimism into the crypto market. Beyond Bitcoin, several leading cryptocurrencies saw gains in response to the interest rate cut, contributing to the broader rally. This article analyzes the top crypto to invest in right now amidst this bullish momentum. 

Top Crypto to Invest in Right Now

The Graph token currently stands at $0.1671, reflecting a 7.81% increase in the past 24 hours. Meanwhile, Flockerz’s presale campaign has successfully raised over $1.3 million so far. MANTA token, at present, is trading around $0.7541, showing a recent intraday gain of 5.87%. Market sentiment leans toward optimism, as indicated by a Fear & Greed Index score of 69.

1. Chiliz (CHZ)

Chiliz is a cryptocurrency designed for the sports and entertainment industry. It powers Socios, a platform that lets fans engage more directly with their favorite sports teams by participating in certain team decisions. Through this system, fans shift from passive spectators to active participants, gaining limited voting rights on specific matters by holding fan tokens purchased with CHZ. 

Moreover, Chiliz has partnered with notable sports organizations, including football clubs like FC Barcelona, Manchester City, Juventus, and Paris Saint-Germain. It has also expanded to other areas, forming partnerships with the UFC and various e-sports organizations. By holding CHZ, fans can access fan tokens that connect them more closely with these teams.

Furthermore, CHZ trades at $0.06289, reflecting a 2.05% increase over the last 24 hours. Its 24-hour volume-to-market cap ratio is 0.1428, which suggests decent liquidity for its market size. Over the past month, CHZ showed 16 positive trading days. This could indicate some stability, though not strong upward momentum.

The 14-day Relative Strength Index (RSI) for CHZ is 44.01. An RSI close to 50 generally indicates a balanced market without strong buying or selling pressure. At this level, CHZ may see limited price movement and potentially continue to trade within a stable range.

2. Manta Network  (MANTA)

Manta Network offers a modular framework for Web3, focusing on privacy and scalability for decentralized applications (dApps). It supports Solidity-based applications, enabling developers to build on a familiar language while leveraging Manta’s infrastructure for potentially faster transactions and lower gas fees than traditional Layer 1 and Layer 2 networks. 

This approach addresses some common blockchain issues around speed and cost, which can impact usability as networks grow. At the time of writing, the MANTA token trades at around $0.7541, showing a recent intraday rise of 5.87%. Market sentiment is relatively optimistic, with the Fear & Greed Index reading at 69 (Greed).

🚀Incredible Q3 growth for @MantaNetwork, the largest modular L2

✓ Transactions up 551.8%
✓ Active addresses up 440.5%!
✓ #MantaCeDeFi holding strong with nearly $100M in stable TVL
✓ CeDeFi tokens getting adopted across multiple ecosystems
…and more

Dive in 👇 https://t.co/cd6wHFHSeU

— Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) November 6, 2024

Moreover, the token has witnessed 15 positive trading days in the last 30, suggesting notable interest or demand. The token’s 24-hour volume-to-market-cap ratio is at 0.2083, which indicates fairly high liquidity.

Price predictions from Coincodex estimate a potential 230.25% increase, suggesting MANTA could reach $2.47. These forecasts reflect current market optimism but should be approached cautiously due to the volatility typical in the market. 

3. Avalanche (AVAX)

Avalanche (AVAX) is currently priced at $29.50, marking a 6.97% increase over the past 24 hours. The token records a trading volume of $475 million, surging 6.89% in the past day. Furthermore, AVAX gained 19.77% last week and 12.91% over the past 30 days, suggesting sustained buying interest.

Meanwhile, market sentiment surrounding the AVAX token is currently positive, as indicated by a Fear & Greed Index score of 69, which reads greed. Technical analysis shows that AVAX is trading 86.81% above its 200-day Simple Moving Average (SMA) of $15.75, a signal often viewed as a sign of upward momentum in technical analysis. 

Additionally, AVAX has seen 16 “green days” in the past month, reflecting a period with more buying than selling pressure. Its 24-hour volume-to-market-cap ratio is 0.0750, showing stable liquidity.

On the adoption front, Avalanche has achieved a milestone with AvaCloud’s selection for J.P. Morgan’s Project EPIC under the Kinexys initiative. This reflects interest from established institutions, which may support the project’s longer-term utility and adoption potential.

4. The Graph (GRT)

The Graph token is priced at $0.1671, showing a 7.81% increase over the past 24 hours. Over the last week, GRT has risen by 15.51%, and in the past month, it’s up by 6.78%. Compared to its price one year ago, the token has gained about 27%, showing gradual growth.

Currently, GRT is trading 42.82% above its 200-day Simple Moving Average (SMA) of $0.1175, a technical level that suggests the token is in an uptrend. The 14-day Relative Strength Index (RSI) sits at 42.34, a neutral zone that indicates neither strong buying nor selling pressure. This RSI value implies that GRT could see relatively stable trading in the short term.

The Graph ensures seamless data flow without interference from centralized entities.

With The Graph, you can build confidently, knowing no one entity can corrupt or cut you off from the data you rely on in production.

With The Graph your data pipelines are unstoppable 🦾

— The Graph (@graphprotocol) November 2, 2024

Market sentiment for GRT appears bullish. The Fear & Greed Index, a general measure of investor confidence, reads “Greed” at 69. Based on COincodex’s recent predictions, GRT’s price could see a substantial rise over the next month, potentially increasing by 230.72% to reach around $0.5535 by December. 

5. Flockerz (FLOCK)

Flockerz has raised over $1.3 million in its ongoing presale campaign. Early supporters can purchase tokens at $0.005981 per unit, though this price will rise within three days as the campaign progresses into its next phase. This phased pricing model encourages early investment by offering tokens at a discount that gradually decreases with each presale stage.

One unique feature of Flockerz is its “vote-to-earn” (V2E) mechanism. This system rewards community members for participating in project-related decisions, essentially giving token holders a direct role in shaping the project’s direction. Unlike standard meme coins, which often lack user engagement incentives, Flockerz aims to promote active community involvement through this V2E model. 

The statue of flockery always stands tall! 🗽🐦 pic.twitter.com/DDgXCzGW9N

— Flockerz (@FlockerzToken) November 8, 2024

As the meme coin sector experiences renewed interest, with market projections suggesting continued growth through 2024 and 2025, this model could set Flockerz apart. Market analysts hold a cautiously optimistic outlook for Flockerz, suggesting it may perform well upon listing on exchanges. 

Projections indicate that the token’s value could reach approximately $0.02185 by next year. While this growth estimate reflects positive sentiment, actual performance will depend on Flockerz‘s ability to maintain user engagement and differentiate itself within a competitive market.

Visit Flockerz Presale

Read More

Top Crypto to Buy Now

For those who missed the initial coin offering (ICO) of Avalanche, it is a lost opportunity to be part of a groundbreaking blockchain project. Avalanche has gained considerable traction since its ICO, attracting developers, businesses, and investors with its high-performance blockchain ecosystem. However, those looking for the next big thing need not despair—Qubetics is emerging as a promising project with unique offerings in the digital asset space, including an innovative tokenised assets marketplace that has the potential to shape the future of asset ownership and trading. In this article, we’ll discuss the rise of Avalanche, what made it a standout investment, and why Qubetics could be an even more compelling opportunity.

Qubetics: A New Era of Opportunity

While Avalanche carved its niche with scalability and speed, Qubetics is poised to attract attention with its innovative approach to tokenised assets and digital finance. Qubetics offers a comprehensive ecosystem that includes traditional blockchain applications and a groundbreaking tokenised assets marketplace. This marketplace is designed to bring tokenisation to the forefront, offering users a way to invest in a diverse range of assets, from real estate and commodities to intellectual property, all through the convenience of blockchain technology.

Qubetics’ presale, currently in Phase 7, offers investors an entry point at an attractive price of $0.0193 per $TICS token. With over $1.6 million raised and 1,400 holders already on board, the platform’s next phase will bring a 10% price increase. Early investors are presented with a potential ROI of 1193.58% as the price is expected to reach $0.25 post-presale. This makes Qubetics a particularly appealing choice for those who missed out on the initial stages of Avalanche.

The Success Story of Avalanche

Avalanche was launched with a vision to create a high-speed, scalable, and low-cost blockchain network. From the start, it distinguished itself by enabling developers to deploy decentralised applications (dApps) and customised blockchain networks that are interoperable with other platforms, including Ethereum. Avalanche’s consensus mechanism, known as Avalanche consensus, allows it to process thousands of transactions per second, making it one of the fastest smart contract platforms available.

This scalability and speed have made Avalanche an attractive option for developers in decentralised finance (DeFi), non-fungible tokens (NFTs), and other data-intensive blockchain applications. By eliminating bottlenecks common in other blockchains and supporting interoperability, Avalanche has built a strong foundation that has attracted a wide range of projects, driving up the value of its native token, AVAX. Since its ICO, Avalanche has grown significantly, making substantial returns for early investors and solidifying its place among leading blockchain networks.

Qubetics Tokenized Assets Marketplace: Orchestrating a Harmonious Digital Asset Ecosystem

The Qubetics tokenised assets marketplace represents a revolutionary step in digital assets. By leveraging blockchain technology, Qubetics aims to transform a range of physical and digital assets into tradable digital tokens, known as tokenisation. This approach enables fractional ownership, allowing investors to access assets that were once out of reach due to high costs or limited accessibility. In essence, Qubetics democratises investment opportunities by enabling investors to hold fractions of high-value assets, such as real estate, precious metals, intellectual property, and even stocks.

This tokenised marketplace also addresses two of the biggest challenges traditional asset markets face: limited liquidity and lack of transparency. By creating a secondary market for these tokenised assets, Qubetics enables a dynamic environment where investors can buy, sell, and manage their holdings efficiently. The increased liquidity from this secondary market allows for faster appreciation of asset values, empowering investors to make more timely and profitable decisions. Additionally, the blockchain infrastructure ensures that each transaction is secure, traceable, and transparent, fostering trust within the Qubetics ecosystem.

What is the best crypto to invest in in 2024?

While Avalanche’s ICO provided an early entry point into a high-performance blockchain network, Qubetics brings something equally valuable, focusing on tokenised assets. For those who missed the Avalanche ICO, Qubetics offers an exciting alternative combining blockchain technology’s power with a practical, user-centred approach to asset ownership. By facilitating fractional ownership, liquidity, and transparency, the Qubetics tokenised assets marketplace democratises investment opportunities, allowing users to participate in markets previously limited to a select few.

With its innovative ecosystem, presale opportunity, and comprehensive range of digital assets, Qubetics is positioned as a leader in the next wave of blockchain projects. For investors looking for the top cryptos presale to buy now, Qubetics represents an enticing option that could deliver substantial returns and revolutionise how we view digital assets.

For More Information:

Qubetics: https://qubetics.com 

Telegram: https://t.me/qubetics 

Twitter: https://x.com/qubetics 

The post Forget Avalanche’s Growth – This New Viral Crypto Presale Could Be Your Next Chance appeared first on TheCoinrise.com.

In the latest newsletter from Rekt Capital, the crypto analyst provides insights on the recent price actions of UNI and AVAX.

For UniSwap (UNI/USDT), the analyst notes that UNI has experienced a robust rally after successfully retesting the critical support level at $7.21. This level has held firm, allowing the price to now hover near a potential breakout from its established range.

However, the analyst emphasizes that confirmation of this breakout hinges on UNI closing above the resistance at $8.36. A successful Monthly Close above this level, followed by a retest as support, would set the stage for a more significant price movement towards the higher targets indicated.

The analyst also examines the Weekly timeframe, revealing that UNI is currently forming a Downtrending Channel. Should UNI close above the blue diagonal resistance, it may not have to wait for the Monthly Close to achieve a breakout.

As it stands, UNI remains below this resistance, and without a bullish Weekly Close, the likelihood of a rejection increases. In such a scenario, consolidation within the current range is expected, creating opportunities for buyers during any downside wicks below the Range Low.

Read Also: Elon Musk and Trump Team Up To Become New Tech Duo Fueled By Cryptocurrencies

Avalanche (AVAX) Price Could Continue to Consolidate

Turning to Avalanche (AVAX/USDT), the analyst highlights that AVAX has been effectively retesting its Macro Downtrend as support over recent months. This pattern of downside wicking under the Downtrend has been consistent, suggesting that AVAX is now primed for a new Macro Uptrend after affirming the Downtrend as support.

The analyst draws parallels between AVAX and DOGE, noting that both assets have historically retested their Macro Downtrends before experiencing significant rallies.

While DOGE has emerged as a leader in this respect, the analyst suggests that AVAX, as a laggard, is likely to follow suit. The expectation is that AVAX will eventually rally to revisit early 2024 highs, mirroring DOGE’s previous price movements.

Overall, the insights provided by the analyst underscore the importance of key price levels and trends in determining the future trajectories of UNI and AVAX in the current market landscape.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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The post Uniswap (UNI) Price Mirrors DOGE’s Path with 50% Rally Potential; Avalanche (AVAX) Stuck Below Key Resistance appeared first on CaptainAltcoin.

The post Avalanche Price Eyes $50, 2X Run Inevitable For AVAX Price? appeared first on Coinpedia Fintech News

By recording 5 consecutive days of positive price action, the Avalanche price is on the verge of achieving the $30 mark. Notably, the 12th largest cryptocurrency by market cap has added ~20% this week, making this the first such bullish week since August.

With Bitcoin price achieving a new ATH each day, will the altcoin market continue experiencing a bullish rise? Further, with the AVAX price achieving its key target, will it slingshot to $50 during the upcoming time?

AVAX Coin On The Path Of A Multi-month Breakout?

The Avalanche price has added 4.98% to its portfolio in the past 24 hours with a trading volume of $480.31 million. Moreover, it has added 18.91% over the past week and 12.21% during the past 30 days.

TradingView: AVAX/USDT

The Relative Strength Index (RSI) has successfully retested its oversold range in the 1D time frame. This has resulted in it recording an aggressive rise toward the overbought range.

The EMA 50/200-day hints at a potential Golden Cross in the Avalanche price chart. This suggests an increase in the bullish sentiment for the altcoin in the upcoming time.

AVAX Price To Retest $40 This Month?

If the bulls achieve the $31.50 mark, this could result in the Avalanche price heading toward its upper resistance level of $39.30. Maintaining the price above that level could push the price toward its target price of ~$50 in the upcoming weeks.

However, if this altcoin experiences a sell-off or investors liquidate their holdings to book profits, this could result in it retesting its low of $24.

Curious about the long-term targets of this altcoin? Read CoinPedia’s Avalanche (AVAX) Price Prediction to uncover the possibilities!

FAQs

Is AVAX still a good buy?

It is currently trading at a discount of ~80% from its ATH, making it a potential buy for the long-term perspective.

What is the Avalanche price?

With a 24-hour jump of ~5%, this altcoin is currently valued at $29.55.

Can AVAX reach $100?

If the bullish sentiment sustains, Avalanche price may achieve this target price next year.

TLDR

AVAX experienced a 24% price increase in 48 hours, reaching a critical $28 support level

Whale activity increased by 49%, with trading volume up 14%

Large liquidation pool of 563K AVAX exists at $26.73 level

Previous symmetrical triangle support being tested as potential resistance

Market shows mixed signals between positive sentiment and retracement risks

Avalanche (AVAX) has recorded a 24% price increase over the past 48 hours, bouncing from the $22 price level to test a crucial support zone near $28.

The movement comes amid increased whale activity and rising trading volumes, though technical indicators suggest potential resistance ahead.

The price surge began at the $22 mark, with AVAX showing strong upward momentum that pushed it toward the $28 level.

This price point represents a previous symmetrical triangle support level, which market analysts are now watching closely as it could transform into a resistance zone.

Data from IntoTheBlock reveals a notable 49% increase in whale activity during this period. These large-scale market participants have shown renewed interest in AVAX, contributing to the upward price movement.

Additionally, trading volume has risen by 14%, indicating broader market participation beyond just whale activity.

The surge in whale transactions suggests a shift in market dynamics, with larger players taking more active positions in AVAX.

This increased activity from substantial market participants often precedes major price movements, though the direction isn’t always certain.

Looking at technical indicators, the price is currently testing a critical level that previously served as support within a symmetrical triangle pattern.

Market observers note that this level could potentially flip to resistance, which might impact the continuation of the current bullish trend.

AVAX Price on CoinGecko

Liquidation data from Coinglass presents an interesting dynamic, showing a substantial liquidation pool of 563,000 AVAX positioned at the $26.73 price level. This concentration of liquidation orders could create price pressure and potentially trigger a short-term retracement.

The presence of this large liquidation pool suggests that traders should remain cautious of potential price volatility around the $26.73 mark.

Market analysts indicate that this level could act as either support or resistance, depending on how the market responds to the increased whale activity and overall trading volume.

The recent price action has drawn attention to AVAX’s market structure, particularly the symmetrical triangle pattern that has formed. This technical formation is being closely monitored by traders as it often precedes continued directional movement.

Trading volumes have remained elevated throughout this period, indicating sustained market interest. The 14% increase in trading activity suggests broader market participation beyond just large-scale investors.

On-chain metrics paint a picture of increasing market engagement. The combination of rising whale activity and growing trading volumes suggests genuine market interest rather than artificial price movement.

The $28.16 price level has emerged as a key technical point, with traders watching for either a breakthrough or rejection at this mark.

A decisive move above this level could support continued upward momentum, while rejection might lead to the short-term retracement suggested by the liquidation data.

Current market conditions show a mix of bullish and cautionary signals. While whale activity and volume metrics support positive sentiment, the technical resistance and liquidation levels present potential hurdles.

The price movement has maintained steady momentum since bouncing from the $22 level, though the approach toward previous support levels has introduced new technical factors to consider.

Traders and investors are monitoring whether the current support level at $28 will hold or whether the market will see a pullback toward the large liquidation pool at $26.73.

The most recent data shows AVAX testing the critical $28 support level, with ongoing whale activity and elevated trading volumes continuing to influence price action.

The post AVAX Price Rises 24% as Whale Transactions Surge appeared first on Blockonomi.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Introducing XYZ Coin: The first all-sports meme coin that’s combining the thrill of sports fandom with meme culture, aiming for a 19,900% potential growth by 2025.

Table of Contents

The first all-sports meme coin enters the arena with 19,900% potential

AVAX: The eco-friendly speedster transforming blockchain

Conclusion

There’s a new player in the cryptocurrency arena that’s catching everyone’s eye. This emerging token is gaining momentum, and many believe it could bring significant gains by 2025. With its unique blend of community engagement and ambitious goals, it might just surpass some of the established coins in the market. 

Introducing XYZ Coin, the pioneering memecoin uniting sports fans, aiming to become a cultural phenomenon with remarkable growth potential.

The first all-sports meme coin enters the arena with 19,900% potential

The XYZ token is entering the crypto space with a focus on sports and meme culture. As the first all-sports meme token, XYZ has navigated challenging market conditions with resilience. With ambitious growth projections, XYZ is positioning itself among the top meme coins for 2024.

XYZ is more than a typical meme coin; it’s establishing a platform within XYZVerse that combines the excitement of sports with the popularity of meme culture. Through entertainment apps, XYZ aims to attract a wide range of users looking for engagement and potential returns.

Following significant returns seen in other meme coins, XYZ aims to capture a similar or even larger momentum as it approaches its TGE. The token’s early price of $0.0005 and growth prospects to $0.1 by the end of the presale offer a promising opportunity for whopping 19,900% profits.

XYZVerse plans to empower its community by rewarding active contributors with XYZ tokens. With robust tokenomics, planned CEX and DEX listings, and regular token burns, XYZ is structured to support long-term growth and a dynamic community.

Interested investors can visit the XYZ presale, which is now live.

AVAX: The eco-friendly speedster transforming blockchain

Avalanche, with its native token AVAX, is turning heads in the crypto world. It’s a green blockchain that doesn’t skimp on speed, handling up to 4,500 transactions per second. Fees are low, and transactions are finalized in less than two seconds.

A standout feature is its customizable Subnets, letting users launch their own tailored blockchains. Avalanche uses a blend of consensus methods to keep things secure and efficient. With three connected chains—X-Chain, C-Chain, and P-Chain—it covers everything from basic transactions to smart contracts. AVAX fuels the ecosystem, paying for fees, securing the network through staking, and powering Subnets.

In today’s market, AVAX looks promising. Its eco-friendly approach and rapid processing set it apart from others like Bitcoin and Ethereum, which often face scalability issues. The ability to create custom tokens and blockchains appeals to developers and businesses seeking flexibility. As the crypto market leans toward sustainability and speed, Avalanche’s technology positions it well for growth. With its strong utility and features, AVAX is an attractive option for those watching emerging trends in the blockchain space.

Conclusion

With its unique sports-meme fusion and community-driven approach, XYZ Coin is set to surpass AVAX and others, aiming for massive gains by 2025.

To learn more about XYZ, visit the official website, Telegram, and X.

Read more: Following SHIB’s success, XYZ coin could bring 19,900% gains: $1,000 could yield $200k

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