AVAX Price Posts Gains Over Last 24 Hours, Could It Reach $30? -Breaking
- AVAX saw a gain in value of 1.43 percent over the 24 hour period.
- CoinMarketCap currently shows that AVAX’s current value is $24.56
- We could see AVAX retest prices at $27.00 if it crosses the 20 EMA above the 9 EMA.
Number 15 on CoinMarketCap’s list of the biggest crypto projects by market cap, (AVAX) posted 24-hour gains over the last day.
In the last 24 hours, AVAX’s price has risen to $24.56, which is a 1.43% gain in price over the last day. The 24-hour performance of AVAX’s price has also elevated the coin’s performance over the last week as the coin is up 1.65% in the last 7 days.
AVAX prices rest at $24.60 (Source: CoinMarketCap).
AVAX/USDT is at $24.60 according to the 4-hour chart. Furthermore, it is hovering at approximately the same level that the 9 and 20 Exponential Moving Averages(EMA) lines.
On the 4-hour chart, these lines could also be seen crossing each other as the 9 EMA looks above the 20 EMA line which represents a bullish flag. This event would trigger a bullish rally in AVAX.
The last most recent time that the 9 EMA line crossed above the 20 EMA line, the price of AVAX pumped from around the same level to $27.00 – a 9.3% move. The price fell back to $23.00 within hours, but it recovered to its current level.
AVAX’s price has been steady around $24.60 for the past three to four days. There haven’t been any price fluctuations that would cause it to drop from this level.
AVAX could experience a slight rally if the 9 EMA crosses above the 20 EMA level. However, the main difference between this potential EMA cross and the previous one – which saw the price test at $27.00 – is that there was a build-up to the spike as the gradient of the EMA’s foreshadowed a more convincing move than the current situation for the 2 EMAs.
AVAX may test $25.00 if it experiences a rally. AVAX’s price will target $27.00 if it breaks above $25.00. It does not appear that enough is being done for a bullish rally that would break above the $27.00 mark.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.