Can AVAX cross the $11 hurdle?
Avalanche [AVAX] continued its bullish rally with a 10% pump over the past day. This took it to the $11 resistance level. Earlier in August, AVAX was rejected at this resistance level. Thus, a bullish break of the level remains critical to sustaining the bullish rally. Green ba ang iyong portfolio? Suriin ang Avalanche Profit Calculator Meanwhile, Bitcoin [BTC] climbed strongly toward the $28k price level with a 4.1% rise over the same period. Is buying pressure sufficient to flip $11 price zone to support? Pinagmulan: AVAX/USDT sa Trading View The on-chart indicators strongly supported the bullish attempt to flip the $11 price level. The OBV (On Balance Volume) surged in trading volume, rising from 60.06 million to 62.59 million. Similarly, the RSI (Relative Strength Index) displayed strong buying pressure by moving into the overbought zone. In addition, the CMF (Chaikin Money Flow) registered a positive reading of +0.30 which was a sign of massive capital inflows to AVAX. Bulls can ride the trend with a session close above the $11 price level on the 12H timeframe. This would give buyers an added advantage to push for further gains at $12.5 to $13.6. However, a failure to break the bearish resistance could hamper bulls in the short term