Avalanche Rumbles: AVAX Eyes To Reclaim $50 As Upgrade Fuels Optimism On Testnet

Name	Symbol	Market	Market Cap ($)	Algorithm
Avalanche	AVAXUSD	Crypto	12,491,294,504	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Avalanche

AVAXUSD

Crypto

12,491,294,504

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.040	-0.12%	33.13	33.10	33.11

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.040

-0.12%

33.13

33.10

33.11

High Price	Low Price	Open Price	Prev. Close	52 Week Range
33.80	31.93	33.21	33.17	8.62 - 65.38

High Price

Low Price

Open Price

Prev. Close

52 Week Range

33.80

31.93

33.21

33.17

8.62 - 65.38

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	16:36:14	14.88	33.11	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

16:36:14

14.88

33.11

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,779,564.55	325,954.82	AVAX	AVAXEUR	AVAXGBP	AVAXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,779,564.55

325,954.82

Avalanche Rumbles: AVAX Eyes To Reclaim $50 As Upgrade Fuels Optimism On Testnet

14/02/2024 11:30am

NEWSBTC

In the dynamic realm of cryptocurrencies, Avalanche (AVAX) is causing a stir, riding the waves of a recovery rally that commenced last month. As the broader spectrum of alternative coins experiences a resurgence, AVAX stands at the forefront, ready to extend its ascent, with whispers in the market hinting at a potential surge towards the coveted $50 mark. Related Reading: Are We Headed For Another $69K? Bitcoin Price Surges As Greed Dominates Crypto Market Avalanche Booms: Durango Upgrade Ushers Growth Presently, the AVAX price confidently stands above the 50% retracement level at $39.91, signaling a robust support level within the market range spanning from $28.00 to $49. Technical indicators add to the positive sentiment, with the Simple Moving Averages (SMA) gracefully trending upwards. This suggests that the path of least resistance favors continued price appreciation, creating an optimistic atmosphere among market observers. This is a big opportunity for Avalanche builders and validators to learn all the ins and outs of Durango 🌀 Going live right here on X or on YouTube this Wed. at 12pm ET 👇 https://t.co/811uVwOIg9 — Avalanche 🔺 (@avax) February 12, 2024 The buzz surrounding AVAX reaches a crescendo as the eagerly anticipated AVAX Durango upgrade gears up for implementation on the 13th of February. The community’s anticipation has been steadily building since the pre-release of the upgrade’s code on February 2. This upgrade brings forth a suite of exciting features, including the Avalanche Warp Messaging (AWM) functionality. The AWM is poised to revolutionize communication capabilities on-chain and across chains, promising a more interconnected and resilient network. This enhancement is set to facilitate seamless interoperability of protocols on the ever-evolving Avalanche platform. AVAX currently trading at $41.31 on the daily chart: TradingView.com Market analysts, fueled by the palpable excitement, predict that the mounting buying pressure could propel a substantial 20% surge, potentially propelling AVAX to $49.95, effectively filling the current market range. In a more bullish scenario, the gains might extend to $54.92, marking levels not witnessed since the bloom of May 2022 and showcasing an impressive 35% climb from current valuation. AVAX social dominance volume. Source: Santiment AVAX: On-Chain Metrics Signal Sustained Growth Examining the coin’s on-chain metrics, an additional layer of support for this positive outlook can be seen. Both social dominance and social volume metrics for AVAX have gracefully eased, painting a picture of serenity in the market. This tranquility often lays the foundation for sustained price growth, steering clear of premature topping out fueled by heightened volatility from mainstream attention. Related Reading: Solana Surges: Open Interest Hits $1.75 Billion, Price Up 8% Today As the imminent AVAX Durango upgrade takes center stage, traders and investors are on the edge of their seats, eagerly awaiting the potential surge that might unfold. With technical indicators, on-chain metrics, and market sentiment aligning favorably for AVAX, the cryptocurrency seems poised to continue its upward trajectory, potentially scaling new heights in the unfolding weeks. Featured image from Pixabay, chart from TradingView

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AVAXUSD Avalanche