The crypto market is showing signs of recovery, with Bitcoin reclaiming the $97K zone and speculations of it hitting $100K resurfacing. This recovery has also propelled the altcoin sector, with leading tokens like Avalanche experiencing a modest price increase. Avalanche's price has rebounded to reclaim its $40 level and has shown a 3.90% increase on its weekly chart, indicating a potential road to recovery in the coming days. Technical indicators for Avalanche are optimistic, with the altcoin's price crossing over its Hull Moving Average value and the RSI suggesting a neutral sentiment from investors. If current positive momentum is sustained, AVAX may face resistance at $41.66 and $53.87 as it aims to reclaim its $50 zone. Other altcoins like Ethena and Cardano have also shown price increases recently.
- Content Editor ( thenewscrypto.com )
- 2025-01-03
Avalanche (AVAX) Price Shows Recovery Signs Amid Bullish Market