Avalanche (AVAX) Up Over 350% in a Month, Moving Towards ATH $59.94

After several months of consolidation the rally by Avalanche (AVAX) continues. Moreover, the price still has a ways to go to reach new all-time-highs, but so far it has put in a modest 350%+ this month alone. Where do you think the price of AVAX is headed? Let us discuss now.

The world is heading on with Avalanche because it is showing a huge spike in a short span. AVAX is one of the altcoins that shows bullish signs. Let’s look back in January things took off right, with bitcoin in January that’s when it finally started to level out a little bit good. That was the same time when AVAX spiked, then went sideways until May. Now, again the bullish market begins.

AVAX has shown a great performance in the past days despite the wild market swings of the crypto world. Also, the graph displays the price surge of crypto to over +350% in the past months. According to CoinMarketCap, AVAX trades at a high price of $48.10 with an increased rate of +34% in the past 24 hours, at the time of writing.

Currently, AVAX is in a bullish state moving towards its all-time high price of $59.94. However, AVAX price is above 50 MA (short-term), and it has a high chance of moving higher.

Furthermore, AVAX price is above 50 MA and 200 MA (long-term), so it is completely in a bullish state. Even more, there is a high possibility of trend reversal at any time.