In recent days, the Avalanche (AVAX) token has demonstrated significant growth, attracting the attention of both crypto analysts and investors. Over the last 24 hours, the price of AVAX has increased by nearly 10%, indicating buyer dominance in the market.
Current Market Situation of AVAX
Avalanche (AVAX) has reached a price of $28.76, marking a noticeable breakout after a period of consolidation. The price dynamics over 2025 have been marked by high volatility; however, a stable recovery has been observed since the end of July after a drop to the $16-$18 area.
Technical Indicators and Their Significance
On the daily chart of AVAX, a golden crossover has occurred, where the 50-day exponential moving average (EMA) has crossed above the 200-day EMA, signaling a shift to a bullish trend. The MACD has turned positive, and the RSI at 65 indicates healthy buying pressure.
Growth Prospects for AVAX
The current recovery of AVAX suggests the possibility of further growth. The breakout above the resistance level of $26 and the formation of the golden cross indicate the potential for a new bullish stage. Traders will be observing whether the token can maintain momentum above $28 and test the psychological milestone of $30.
In summary, the combination of technical factors and positive market sentiment creates an optimistic forecast for further growth in the price of Avalanche (AVAX).
