LIVE๐ AVAX Soars 25% in One Week: Can It Keep the Momentum?๐
Avalanche (AVAX), Ethereum's fierce competitor, has surged nearly 25% this week! Currently trading at $40.49 on Binance, AVAX has formed higher highs and higher lows since May 15, signaling potential continued gains.
๐ธ Key Levels to Watch:
- Trend Reversal: A close above $46.89 could confirm a trend reversal, targeting $47.32.
- Support Levels: Holding above $34.79 is crucial to maintain momentum. Downside targets include $31.35 and $29.24.
๐ Indicators:
- RSI: Climbed to 61, approaching overbought territory.
- MACD:Positive momentum supports the uptrend.
๐ฎ Game Development Boost:
Avalanche's new Layer 1 chain, GameChain, is set to attract game developers, enhancing AVAX's ecosystem and utility.
Stay tuned as AVAX aims for new heights! ๐
