In the past 24 hours, the AVAX price rose to $24.56, a 1.43% increase from the previous day's price. The 24-hour performance of AVAX price also boosted the coin`s performance last week, as the coin gained 1.65% in the last 7 days.
From the AVAX/USDT 4-hour chart, the current price of AVAX is hovering around 24.60 US dollars. In addition, the price is also hovering at the same level as the 9, 20 Exponential Moving Average (EMA) lines.
The lines are still crossing each other on the 4-hour chart and since the 9-bar EMA also looks to cross the 20 EMA on the 9-hour chart, this is a bullish sign. If we see this event happen, we will see it. AVAX mini bullish rally.
The 9EMA line crossed the 20EMA line for the last time, and the price of AVAX soared from the same level to $27,000, an increase of 9.3%. But the price retraced just hours after reaching that level, dropping to $23.00 before recovering to current levels.
For the past 3-4 days, the price of AVAX has been consolidating around $24.60 as the price action has not seen a level of price excursion during this period.
If the 9EMA crosses the 20EMA line, we can see a small rebound in AVAX. However, such potential backlash. The main difference between the EMA and the previous cross EMA cross (price tested 27) at $.00 is that the surge is cumulative as the EMA gradient represents a more convincing trend than the current situation. EMA.
Even so, if there is a rebound, AVAX looks for the next key resistance level at 25. If it breaks through $2550. 00 USD, then AVAX next price will have to be 27.00 USD as target. But right now there does not appear to be enough accumulation for a bullish rally to occur, which would break the $277.00 level.
