• bitcoinBitcoin (BTC) $ 65,220.00
  • ethereumEthereum (ETH) $ 3,538.18
  • tetherTether (USDT) $ 0.999778
  • bnbBNB (BNB) $ 603.15
  • solanaSolana (SOL) $ 139.73
  • staked-etherLido Staked Ether (STETH) $ 3,536.04
  • usd-coinUSDC (USDC) $ 0.999082
  • xrpXRP (XRP) $ 0.490803
  • dogecoinDogecoin (DOGE) $ 0.125331
  • the-open-networkToncoin (TON) $ 6.96
  • cardanoCardano (ADA) $ 0.391918
  • shiba-inuShiba Inu (SHIB) $ 0.000019
  • avalanche-2Avalanche (AVAX) $ 27.31
  • tronTRON (TRX) $ 0.116929
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 65,308.00
  • chainlinkChainlink (LINK) $ 14.38
  • polkadotPolkadot (DOT) $ 5.95
  • uniswapUniswap (UNI) $ 10.37
  • bitcoin-cashBitcoin Cash (BCH) $ 395.34
  • litecoinLitecoin (LTC) $ 73.94
  • wrapped-eethWrapped eETH (WEETH) $ 3,682.04
  • nearNEAR Protocol (NEAR) $ 4.98
  • matic-networkPolygon (MATIC) $ 0.575004
  • leo-tokenLEO Token (LEO) $ 5.72
  • daiDai (DAI) $ 0.998972
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 8.31
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,548.77
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • kaspaKaspa (KAS) $ 0.146487
  • ethereum-classicEthereum Classic (ETC) $ 23.80
  • fetch-aiFetch.ai (FET) $ 1.31
  • aptosAptos (APT) $ 7.01
  • moneroMonero (XMR) $ 169.16
  • render-tokenRender (RNDR) $ 7.85
  • hedera-hashgraphHedera (HBAR) $ 0.081627
  • mantleMantle (MNT) $ 0.828126
  • stellarStellar (XLM) $ 0.092570
  • cosmosCosmos Hub (ATOM) $ 6.82
  • okbOKB (OKB) $ 42.95
  • crypto-com-chainCronos (CRO) $ 0.094100
  • filecoinFilecoin (FIL) $ 4.45
  • blockstackStacks (STX) $ 1.70
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999332
  • arbitrumArbitrum (ARB) $ 0.820183
  • immutable-xImmutable (IMX) $ 1.56
  • makerMaker (MKR) $ 2,457.27
  • optimismOptimism (OP) $ 1.94
  • bittensorBittensor (TAO) $ 304.61
  • lido-daoLido DAO (LDO) $ 2.37
  • the-graphThe Graph (GRT) $ 0.218636
  • dogwifcoindogwifhat (WIF) $ 2.08
  • injective-protocolInjective (INJ) $ 21.00
  • suiSui (SUI) $ 0.826643
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,927.14
  • vechainVeChain (VET) $ 0.026343
  • arweaveArweave (AR) $ 28.58
  • ondo-financeOndo (ONDO) $ 1.21
  • flokiFLOKI (FLOKI) $ 0.000177
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,661.05
  • bitget-tokenBitget Token (BGB) $ 1.16
  • notcoinNotcoin (NOT) $ 0.015691
  • jasmycoinJasmyCoin (JASMY) $ 0.032477
  • fantomFantom (FTM) $ 0.555886
  • based-brettBrett (BRETT) $ 0.154800
  • theta-tokenTheta Network (THETA) $ 1.49
  • bonkBonk (BONK) $ 0.000022
  • thorchainTHORChain (RUNE) $ 4.18
  • whitebitWhiteBIT Coin (WBT) $ 9.52
  • aaveAave (AAVE) $ 87.44
  • celestiaCelestia (TIA) $ 6.51
  • eosEOS (EOS) $ 0.575578
  • coredaoorgCore (CORE) $ 1.32
  • quant-networkQuant (QNT) $ 78.15
  • cheeleeCheelee (CHEEL) $ 19.66
  • pyth-networkPyth Network (PYTH) $ 0.313814
  • algorandAlgorand (ALGO) $ 0.138320
  • ethenaEthena (ENA) $ 0.653712
  • sei-networkSei (SEI) $ 0.356634
  • flare-networksFlare (FLR) $ 0.025265
  • gatechain-tokenGate (GT) $ 8.20
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,576.40
  • jupiter-exchange-solanaJupiter (JUP) $ 0.755114
  • galaGALA (GALA) $ 0.028131
  • starknetStarknet (STRK) $ 0.737758
  • beam-2Beam (BEAM) $ 0.019415
  • kucoin-sharesKuCoin (KCS) $ 9.89
  • flowFlow (FLOW) $ 0.619781
  • zebec-protocolZebec Protocol (ZBC) $ 0.018095
  • pendlePendle (PENDLE) $ 5.73
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.91
  • bitcoin-svBitcoin SV (BSV) $ 44.10
  • axie-infinityAxie Infinity (AXS) $ 5.93
  • dydx-chaindYdX (DYDX) $ 1.45
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • gnosisGnosis (GNO) $ 324.83
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.76
  • zksyncZKsync (ZK) $ 0.227081
  • elrond-erd-2MultiversX (EGLD) $ 30.30
  • ordinalsORDI (ORDI) $ 38.50
  • neoNEO (NEO) $ 11.35
  • roninRonin (RON) $ 2.39
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,535.70
  • tezosTezos (XTZ) $ 0.771921
  • msolMarinade Staked SOL (MSOL) $ 167.96
  • the-sandboxThe Sandbox (SAND) $ 0.322843
  • usddUSDD (USDD) $ 0.998626
  • chilizChiliz (CHZ) $ 0.081533
  • akash-networkAkash Network (AKT) $ 2.98
  • nexoNEXO (NEXO) $ 1.28
  • fasttokenFasttoken (FTN) $ 2.21
  • singularitynetSingularityNET (AGIX) $ 0.543444
  • worldcoin-wldWorldcoin (WLD) $ 2.84
  • frax-etherFrax Ether (FRXETH) $ 3,532.68
  • wormholeWormhole (W) $ 0.375429
  • havvenSynthetix Network (SNX) $ 2.01
  • lido-staked-solLido Staked SOL (STSOL) $ 166.63
  • oasis-networkOasis Network (ROSE) $ 0.096747
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,799.30
  • fraxFrax (FRAX) $ 0.996497
  • dexeDeXe (DEXE) $ 11.25
  • mina-protocolMina Protocol (MINA) $ 0.566791
  • ecasheCash (XEC) $ 0.000032
  • conflux-tokenConflux (CFX) $ 0.152172
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006162
  • decentralandDecentraland (MANA) $ 0.332011
  • swethSwell Ethereum (SWETH) $ 3,743.49
  • livepeerLivepeer (LPT) $ 18.80
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.31
  • klay-tokenKlaytn (KLAY) $ 0.163966
  • book-of-memeBOOK OF MEME (BOME) $ 0.008667
  • heliumHelium (HNT) $ 3.51
  • rocket-poolRocket Pool (RPL) $ 28.50
  • aioz-networkAIOZ Network (AIOZ) $ 0.535336
  • apecoinApeCoin (APE) $ 0.933019
  • tether-goldTether Gold (XAUT) $ 2,332.12
  • mantra-daoMANTRA (OM) $ 0.696084
  • iotaIOTA (IOTA) $ 0.171866
  • safeSafe (SAFE) $ 1.30
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,856.63
  • 1inch1inch (1INCH) $ 0.432288
  • xdce-crowd-saleXDC Network (XDC) $ 0.034429
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000092
  • kavaKava (KAVA) $ 0.463063
  • true-usdTrueUSD (TUSD) $ 0.995788
  • illuviumIlluvium (ILV) $ 74.01
  • nervos-networkNervos Network (CKB) $ 0.010938
  • theta-fuelTheta Fuel (TFUEL) $ 0.070035
  • stader-ethxStader ETHx (ETHX) $ 3,640.53
  • axelarAxelar (AXL) $ 0.655171
  • blurBlur (BLUR) $ 0.267621
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.086863
  • curve-dao-tokenCurve DAO (CRV) $ 0.350211
  • iotexIoTeX (IOTX) $ 0.045923
  • bitcoin-goldBitcoin Gold (BTG) $ 24.60
  • pax-goldPAX Gold (PAXG) $ 2,314.58
  • corgiaiCorgiAI (CORGIAI) $ 0.001255
  • apenftAPENFT (NFT) $ 0.00000043
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • woo-networkWOO (WOO) $ 0.217079
  • magaMAGA (TRUMP) $ 8.94
  • aevo-exchangeAevo (AEVO) $ 0.489837
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.48
  • echelon-primeEchelon Prime (PRIME) $ 9.88
  • usdbUSDB (USDB) $ 0.997375
  • paypal-usdPayPal USD (PYUSD) $ 0.998275
  • compound-ethercETH (CETH) $ 71.26
  • raydiumRaydium (RAY) $ 1.52
  • astarAstar (ASTR) $ 0.069054
  • ether-fiEther.fi (ETHFI) $ 3.40
  • wemix-tokenWEMIX (WEMIX) $ 1.08
  • arkhamArkham (ARKM) $ 1.66
  • dydxdYdX (ETHDYDX) $ 1.44
  • aerodrome-financeAerodrome Finance (AERO) $ 0.776334
  • golemGolem (GLM) $ 0.373801
  • ioio.net (IO) $ 3.92
  • memecoin-2Memecoin (MEME) $ 0.018217
  • kusamaKusama (KSM) $ 24.43
  • mx-tokenMX (MX) $ 3.75
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004121
  • osmosisOsmosis (OSMO) $ 0.545756
  • safepalSafePal (SFP) $ 0.777986
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000017
  • aragonAragon (ANT) $ 8.93
  • ocean-protocolOcean Protocol (OCEAN) $ 0.550866
  • polymeshPolymesh (POLYX) $ 0.334850
  • compound-governance-tokenCompound (COMP) $ 50.20
  • stepnGMT (GMT) $ 0.163369
  • radixRadix (XRD) $ 0.032679
  • manta-networkManta Network (MANTA) $ 1.02
  • mog-coinMog Coin (MOG) $ 0.00000091
  • compound-wrapped-btccWBTC (CWBTC) $ 1,311.64
  • zilliqaZilliqa (ZIL) $ 0.017339
  • holotokenHolo (HOT) $ 0.001810
  • celoCelo (CELO) $ 0.588602
  • superfarmSuperVerse (SUPER) $ 0.699588
  • zcashZcash (ZEC) $ 20.79
  • metis-tokenMetis (METIS) $ 54.83
  • ankrAnkr Network (ANKR) $ 0.030765
  • convex-financeConvex Finance (CVX) $ 3.75

AVAX adds nearly 25% gains in one week, can it sustain the rally?

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Avalanche (AVAX), a cryptocurrency platform that rivals smart contract network Ethereum, extended its gains on Tuesday. AVAX has rallied nearly 25% in the past week, technical indicators show that the token could continue climbing higher.

The project announced the launch of a new Layer 1 chain targeted at game developers.

Avalanche could extend gains this week

The Ethereum competitor is exchanging hands at $40.49 on Binance. Avalanche rallied over 38% from the April 13 low of $29.24 to $40.49. Starting May 15, AVAX price has formed higher highs and higher lows.

A daily candlestick close above the April 12 high of $46.89 could confirm a trend reversal in the asset. AVAX could target $47.32, the 50% Fibonacci retracement of the decline from March 18 top of $65.39 to the April 13 bottom of $29.24.

Prior to April 11, the $47 level held as steady support for Avalanche. A close above this level could erase the losses faced by AVAX holders in May 2024.

The Relative Strength Index (RSI), a momentum indicator climbed to 61, closer to the oversold zone at 70. The surge in RSI is in line with the price increase in Avalanche, there is no divergence observed on the 1-day AVAX/USDT price chart.

The Moving Average Convergence Divergence (MACD) indicator shows positive momentum underlying the uptrend in AVAX, between May 15 and 21, as seen in the chart below.

AVAX adds nearly 25% gains in one week, can it sustain the rally?

AVAX/USDT 1-day chart

AVAX is likely to hold on to its recent gains, unless the token closes below the May 15 high of $34.79. Avalanche could sweep liquidity at this level, AVAX could attempt a recovery post the correction, if one occurs this week.

The downside targets for AVAX are the May 15 low of $31.35 and the April 13 low of $29.24.

Avalanche recently announced the launch of a new Layer 1 chain that provides a secure platform to attract game developers. The project GameChain is powered by AVAX and will likely see new game development on its platform.

A new gaming chain appears! 🔺⛓️🎮@Gamestarter is launching GameChain, a new L1 providing a secure platform that’s easy for game developers to build on. All powered by Avalanche.

And there’s more👇 pic.twitter.com/WjCcU7JTH8

— Avalanche 🔺 (@avax) May 20, 2024

The post AVAX adds nearly 25% gains in one week, can it sustain the rally? appeared first on Invezz

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