Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»AVAX surges 32%, getting closer to $65 resistance. What are the next steps?
ALTCOIN NEWS

AVAX surges 32%, getting closer to $65 resistance. What are the next steps?

By Crypto FlexsDecember 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX surges 32%, getting closer to  resistance. What are the next steps?
Share
Facebook Twitter LinkedIn Pinterest Email
  • AVAX has surged more than 32% since retesting the crucial $39 support.
  • The large increase in transactions and increase in active addresses hinted that a break above the $65 resistance level is likely.

Avalanche (AVAX) was the top gainer, up 32% after recently retesting the $39 support level.

The altcoin has surged 19% in the past 24 hours alone, reflecting growing interest and confidence among investors.

These gains brought AVAX closer to testing the critical resistance level of $65, a price level that has not been violated since mid-March.

AVAX whale moves

AVAX’s recent price surge has been driven by a significant increase in the number of large transactions on the network, which has surged 298% to 797 million in the last 24 hours.

This further strengthens the optimistic sentiment surrounding altcoins.

Source: IntoTheBlock

Address and profitability accumulation

AVAX’s strong buying pressure is also reflected in the network’s increase in active addresses. The number of active addresses for altcoins has surged by 23% in the last 24 hours, indicating increased trading activity.

Source: IntoTheBlock

Notably, according to IntoTheBlock data, approximately 80% of all AVAX addresses were profitable as of press time. This means that a significant portion of Avalanche market participants could benefit from the recent rise in altcoins.

As the token approaches the weekly resistance of $65, profitable holders can either take profits or hold on for further upside, both of which will impact the price action.

Source: IntoTheBlock

As bullish momentum builds, all eyes are on the resistance level of $65 per share, which has proven to be a huge hurdle for AVAX in the past.

If the price breaks through this level, it will pave the way for higher prices that could push the altcoin to new all-time highs.

AVAX Rally Continues?

Technically, AVAX has been seeing some pretty impressive price action lately.

The altcoin’s ability to retest the $39 support and bounce back strongly highlights the resilience of market participants.

Moreover, as the number of large transactions and active addresses continues to grow, it appears that both institutional and retail investors are starting to realize the long-term potential of the Avalanche ecosystem.

Source: TradingView


Read Avalanche (AVAX) price prediction for 2024-2025


The recent AVAX price surge, complemented by a surge in large transactions and active addresses, paints a compelling picture of the altcoin’s bullish trajectory.

However, the stochastic RSI is in an overbought zone, indicating that a price correction may occur in the near term.

Next: Zcash inflows surge as price reaches resistance level. Is this a sell signal?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Tapbit secures strong presence at TOKEN2049 in Singapore

October 13, 2025

Tapbit Delivers A Strong Presence At TOKEN2049 Singapore

October 13, 2025

Touareg Group Expands Global Presence With Establishment Of U.S. Technology Subsidiary

October 13, 2025

Cardano (ADA) Faces Selling Pressure – Is This the Start of a Trend?

October 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025
Most Popular

STRK surges after StarkWare revises airdrop plan following investor backlash

February 24, 2024

Ethena Labs has won a $250 million allocation to the USDeFRAX pool.

April 8, 2024

ADA price rises 30% amid rumors of collaboration between Cardano founder and Trump

November 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.