Avalanche (AVAX) shows strong momentum, surpassing TRON in market cap growth.
TRON faces reduced activity, with key support levels critical for price stability.
AVAX’s overbought RSI signals potential short-term correction amid bullish trend.
Avalanche (AVAX) has overtaken TRON (TRX) in market capitalization, marking a significant shift in the cryptocurrency market. The price of AVAX has climbed 11.73% over the past 24 hours, showing increased investor confidence. Meanwhile, TRON has seen a moderate decline, with a slight recovery towards the end of the period.
Avalanche’s Strong Upward Momentum
AVAX has surged impressively in the last day, moving from a low of $41.75 to a high of $46.72. The 26.34% spike in trading volume highlights growing interest from buyers.
Avalanche’s market capitalization has grown to $19.12 billion, reflecting positive sentiment among investors. This increase pushes it past TRON and strengthens the upward momentum of AVAX.
The immediate support level for AVAX is at $41.75, the low of the recent trading range. If the price falls, this level could be a critical point to watch. A secondary support level at $42.50 was also b…
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