The AVAX coin price continues the uptrend after the recent correction in the crypto market. The prices find demand near the support trendline and ascend higher in the triangle pattern to reach the $100 mark. However, will the buying pressure sustain long enough to reach the $100 mark? Key technical points: The coin price rises higher within an ascending triangle pattern. The Stochastic RSI indicator gives a bullish crossover in the daily chart. The 24-hour trading volume in the Avalanche token is $947 Million, indicating a 40% rise. Past Performance of AVAX AVAX coin price trades at $84.26 with a price jump of 7.25% in the last 24 hours, resulting in a bullish reversal from the support trendline. As we mentioned in our previous article, the coin price continues the uptrend despite the recent correction of 15%. Hence, the uptrend may shortly rise higher into the ascending triangle. Source-Tradingview AVAX Technical Analysis The AVAX coin price breaks above the 50-day EMA as it rises higher with a triangle pattern with the demand met near the $75 support level. Hence, the uptrend continues with the crucial EMAs in the bullish alignment. The RSI Indicator shows the slope rise above the 50% mark and the 14-day SMA as it enters the nearly overbought zone. Hence, the indicator gives a ‘BUY’ signal for the AVAX token. The Stochastic RSI indicator gives an early bullish crossover in the daily chart within the neutral territory. Hence,...
