- Avalanche showed an important sign of revival as Price reached $ 17 last day.
- Altcoin’s daily trading volume shows a modest decrease of 1.52% according to CMC data.
The Asian community awakened to a market revival in the morning of April 8th. In the meantime, the international economy remains shaky before the end of the tariff war. US President Trump began to fight until the end of China because he threatened 50% tariffs. In the midst of such a turmoil, unlike yesterday, the crypto market managed to maintain positive acceleration.
Bitcoin, which is a leading crypto currency, is traded closer to the $ 80,000 brand and the Altcoin industry explodes. A certain subcoin, avalanche, has shown significant upper movements in the last few hours. The coin was taken into account with a 12.50% price increase and starts to show signs of revival.
In the afternoon of April 7, Altcoin is traded at a low level of $ 15.35. The above mentioned, as the rise candles appeared, approached the range of $ 17. During writing, AVAX was traded at $ 17.32 according to CMC data.
However, while referring to the weekly graph, avalanche is still negative. Jeton experienced a significant price decrease of 12.54% caused by previous market accidents. On the other hand, if AVAX maintains a positive momentum this week, it can reverse the tendency.
Will the avalanche maintain its positive momentum?
When analyzing the latest price trends, Altcoin follows a horizontal channel. A horizontal channel refers to a consolidation and follows a movement up or down. Avax with positive signals from the technical indicators, Avax suggests that it can withstand its positive momentum.
Moving average convergence deviation (MACD) Macd line stands on the signal line. This shows a positive market situation. Furthermore, the RSI value is 41.25 according to TradingView. data. Altcoin is closer to an impartial market idea, although it is still in the extreme capital area.
Similar to the avalanche, other subcoins such as Hype and Fartcoin showed a positive momentum in the last 24 hours.
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