The Avalanche (AVAX) price has more than doubled in December, reaching a new yearly high today.

AVAX is approaching the $50 level, which has not been reached since May 2022. Can it be done before the end of the year?

AVAX Reaches Another Yearly High

The AVAX price has increased quickly since October, when it was trading at a low of $8.65. In 63 days, the price increased by 425%, culminating with a new yearly high of $46.40 today. 

AVAX broke out from a 750-day descending resistance trend line during the ascent, which had been in place since the all-time high. This accelerated the rate of increase further. 

Since October, AVAX has created eight bullish weekly candlesticks in 9 weeks. 

The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold and w

Go to Source to See Full Article
Author: Valdrin Tahiri

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details