Crypto:
29856
Bitcoin:
$67.814
% 2.31
BTC Dominance:
%52.9
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
Bitcoin:
$ 67.814
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

AVAX is Soaring! Will AVAX Continue to Rise? Analysis!

avax coin surges

AVAX Coin has surpassed $40, marking a significant milestone. The positive momentum in weekly closings indicates a crucial period after a gap of 19 months. AVAX surged rapidly alongside BTC’s $40,000 support.

According to analyses, it is expected to potentially enter an upward trend towards levels around $60. However, warnings are issued concerning the impact of BTC’s rise, a decline in BTC dominance, or positive news from the Avalanche ecosystem.

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Analysts’ remarks on AVAX Coin emphasize monitoring resistance levels around $44.02 – $47.31, $51.13 – $55.12, and $59.29. Yet, it’s noted that in the event of an increase in BTC dominance or disappointment from expected news in the Avalanche ecosystem, significant support levels at $37.77, $34.64, and $31.52 become crucial.

AVAX’s ascent positively affected Trader Joe’s DEX platform. Trader Joe exhibited successful performance with a transaction fee of $1.23 million and gains of $145,000. AVAX, entering the top 10 cryptocurrencies, surpassed Dogecoin and is eyeing Cardano, ranked 9th by total market capitalization.

In conclusion, this surge and the Trader Joe ecosystem continue to strengthen the Avalanche platform.

Avalanche (AVAX) can easily be traded on global exchanges such as BinanceBitGetKucoinMexcHoubi ve Gate.io.

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