AVAX Technical Analysis: 20% Growth Now Challenges $100 Mark

The AVAX coin price surpasses the highly influential resistance trendline that has been in action since November 2021. The sudden bullish growth approaches the $100 resistance zone and may soon overcome surpass it as the buying pressure increases. Is this the best buying opportunity or should you wait till the $100 breakout? Key technical points: The coin price breaks above the $100 mark. The Stochastic RSI indicator gives an early bullish crossover. The 24-hour trading volume in the Avalanche token is $1.39 Billion, indicating a 50% rise. Past Performance of AVAX AVAX coin price trades at $93.09 with a price jump of 10.53% in the last 24 hours, resulting in a bullish engulfing candlestick that surpasses the resistance trendline. The price rallies higher from the support trendline as we mentioned in our previous article. Moreover, the price sustains above all the crucial EMAs in the daily chart. Source-Tradingview AVAX Technical Analysis The AVAX coin price gives a bullish breakout of the symmetrical triangle in the daily chart. This comes with a sudden price jump resulting in a V-shaped reversal. However, the trend needs to overcome sellers at $100 for a bullish continuation. The Avalanche coin price breaks above the crucial 50-day EMA and continues to head higher. Hence, with the bullish alignment of the 50,100, and 200-day EMAs the trend reflects a highly bullish nature. The DMI Indicator shows a sudden rise in the +DI line...