#AltcoinMomentum

🚀 I have been following and posting about AVAX on Binance Square for the past 8 days. Here’s a summary.

Avalanche (AVAX) has garnered significant attention from crypto enthusiasts due to its impressive performance over the last 8 days. 📈 This altcoin shows promising signs of a long-term bullish trend, leaving many investors optimistic about its future. 🌟

On November 20th, AVAX’s price began to rise significantly, with clear bullish momentum observed across all time frames. 🔼 This upward movement marked the start of a robust rally, generating increased interest in the market. 💰

By November 25th, AVAX reached a notable milestone, hitting $48. 🎉 Following this surge, the price entered a consolidation phase, establishing a solid foundation for the next potential gains. 🔒

From November 26th to 28th, AVAX traded sideways while maintaining a bullish bias. The price fluctuated between a strong low of $38.5 and a weak high of $48, indicating growing positive sentiment among traders. 👍

On November 28th, the increasing trading volume signaled bullish strength. 📊 As of this date, AVAX’s trading volume showed consistent growth. At the $50 level, the volume ranged between 71K and 72K before climbing to 74K, highlighting sustained buying pressure. This upward trend in volume underscores growing confidence in AVAX’s potential. 💪

The Luxalgo Smart Money Concept Indicator confirms bullish momentum. 🔮 It indicates a crucial shift in AVAX’s market dynamics, with the strong low moving from $38.5 to the $42-$42.5 range, signaling increased buying activity and reduced selling pressure. These are clear signs of bullish momentum and enhanced investor confidence. 🌈

Currently trading around $42 - $44 with a slight downtrend, the volume around the $50 mark has increased to 76K. 📈 The $42 level is a crucial support point; breaking below this could lead to a correction down to $35 - $36. ⚠️