EUR/USD 1.17260
1.549%
Gold 4003.94
0.678%
Oil 64.710
8.945%
USD/JPY 153.423
0.239%
GBP/USD 1.31606
0.177%
GBP/JPY 201.889
0.419%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to sources, members of the Irish Football Association have approved a resolution calling on UEFA to suspend Israels participation in European competitions.On November 8th, the Russian Ministry of Defense reported that Russian armed forces launched a large-scale attack on Ukrainian military-industrial enterprises and related energy facilities using high-precision weapons from the night of November 7th to the early morning of November 8th, hitting all targets. The report stated that the high-precision weapons used by Russia included the Kinzhal hypersonic ballistic missile. Russian air defense systems shot down 178 Ukrainian drones and two guided-missile bombs in the past 24 hours. According to reports from the Ukrainian Air Force and various levels of government agencies on November 8th, from the night of November 7th to the early morning of November 8th, Russian forces launched a large-scale missile and drone attack on Ukraine, damaging energy and railway facilities in Poltava, Kharkiv, Kyiv, and Dnipropetrovsk regions. Emergency power outages were implemented in multiple areas, including Kyiv, Kyiv, and Kharkiv. As of the morning of November 8th, the attacks had resulted in four deaths. The Ukrainian State Electricity Company posted on social media that day that several Ukrainian regions were experiencing emergency power outages due to the airstrikes, and industrial users continued to experience power rationing.Egypts Ministry of Petroleum: A new shipment of liquefied natural gas, amounting to 150,000 cubic meters, has been exported to Greece via a vessel chartered from Shell.On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.

After Avalanche’s 20% Weekly Spike, Can AVAX Reclaim the $35 Level?

Skylar Shaw

Aug 11, 2022 12:00

微信截图_20220811115225.png


After the altcoin's recent 30% price increase from the $22 level, Avalanche (AVAX) has been on the watchlists of the majority of cryptocurrency traders. AVAX was trading at $29.06 at the time of writing and has recaptured position 12 in the market capitalization ranking of cryptocurrencies, showing a 5% increase on the daily chart.


Many in the market anticipate another wave of price growth for AVAX toward the $35 level with higher market gains. What lies ahead for Avalanche now that its basics seem to be solid?

New Avalanche Achievements

The Avalanche network achieved a new milestone on August 9 during the last trading hours of the Asian session, when the currency had its greatest daily transaction volume ever. As the indicator crossed the 1.51 million transaction threshold, the daily transaction count for AVAX achieved an all-time high.


It wasn't the most remarkable item, but the huge transaction volume suggested more enthusiasm or hope in the market for the ecosystem. The fact that AVAX had more transactions on August 9 than Ethereum, Arbitrum, and Optimism all together was one of the funniest aspects about the coin's high transaction volume.


The price increase for AVAX began to gain steam around August 6 with a 9% increase. Many cryptocurrency observers believed that the development of Avalanche-based NFTs was the primary cause of the coin's upward momentum.


The trading volumes of NFTs based on Avalanche increased 30% on August 9. Additionally, NFT sales showed a nearly 10% increase within the same period.


Robinhood also declared support for Avalanche and Stellar (XLM), which contributed to the positive momentum's expansion.


AVAX Bulls Eye the $35 Level AVAX's price recently reached a low of $13.75; nevertheless, the coin's rapid rebound has given investors in tokens cause for confidence.


Notably, AVAX shown remarkable signals of recovery from the longer-term decline the cryptocurrency has seen for more than four months. The bullish reversal has increased the altcoin's price by almost 110% from June 2022, when it was at a lower price point.


AVAX's price rising over the crucial $30 threshold may help bulls' market momentum in the near future.


The $36 and $51 levels would be the next resistances in the near future for AVAX that bears might hold.


However, daily trading volume increased by 22% during the previous 24 hours from press time, indicating a revival of retail momentum for AVAX. Since AVAX's price surged over the crucial $28 barrier, there is a good probability that the coin will reach the $35 level unless bears seize the initiative.

Suggestion