Can AVAX Sustain this recovery to cross $25?

Resurgence Above $20: AVAX price trends resurface above the crucial $20 mark following market recovery from the Binance news.

Intraday Jump to $21.15: AVAX experiences a significant intraday jump of nearly 10%, approaching $21.15.

Diluting Bearish Sentiments: The Avalanche price trend is diluting previous bearish sentiments, continuing its prevailing uptrend.

Shaking Off Negative Impact: AVAX, along with other altcoins, is shaking off the negative impact of the Binance case.

Strong Uptrend Prediction: Following a golden crossover and sustenance above $20, AVAX is predicted to maintain a strong uptrend.

Market Cap Loss and Recovery: Avalanche experienced a 17.5% market cap loss, dropping from $22.85 to $19, but has since regained momentum.

Trading Volume Support: The spike in trading volume supported the quick recovery following the initial pullback.

Current Trading Price: AVAX is trading at $20.96, showing intraday growth of 0.50%, with strong crowd support evident in trading volume.

Volatility and Investor Doubt: Increased market volatility leads to some investor doubt regarding the recovery phase.

Technical Indicators - RSI: The RSI bounces back towards the overbought boundary but shows a bearish divergence, indicating potential consolidation.

Sustainability Above $20: AVAX shows signs of sustaining above $20 but faces challenges in leading the uptrend beyond $21.15.

Potential Risks and Downside: A new supply wave could break the $20 level, potentially plunging AVAX to $18.


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