Avalanche (AVAX) Is On The Rise, Leaving Bitcoin Behind.

#Avalanche (AVAX) cryptocurrency is showing a remarkable uptrend. AVAX, which is closely followed by Turkish investors, stands out as a voluminous altcoin that can recently outperform Bitcoin (BTC).

According to analysis, #AVAX recently showed an almost uninterrupted increase over the eight-day period. It is up 13% in the last 48 hours, up 28% in that time, and traded at around $24.5 on December 5, with a closing gain of 8.2%.

As of press time, AVAX is trading at $26.52, up 1%. Although Bitcoin also exhibits a positive trend, it is stated that AVAX surpasses it in terms of rate and scope.

Technical indicators support AVAX's uptrend. While the RSI is giving an overbought signal above 75, the MACD lines appear to be on the verge of a bullish crossover. These indicators point to a positive outlook for #AVAX.

Avalanche's volume trend also shows a significant increase on the Santiment analysis platform. The volume, which was 594 million dollars at the beginning of December, increased to 816 million dollars at the end of the month and exceeded 1.2 billion dollars as of writing time. According to data from CoinMarketCap, there has been a volume increase of over 70% in the last 24 hours and the market value of #AVAX has increased by over 19%.
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