Will AVAX Price Test $100 In 2024?

Avalanche protocol has a market cap of $14.1 Billion and is ranked 12th in the CMC. The volume of the AVAX has observed a surge of over 66% in the past 24 hours. It has a total supply of 442,544,533 in which 54.9% is circulating in the market. AVAX is currently trading near the value of $36 with a gain of 1.74% in the intraday session.
AVAX price is currently forming small consolidating candles on the daily chart. It is trading below the 50 and 100 EMA. The upside trend of AVAX can see a halt near the value of $40. Meanwhile the support of the asset price can be observed near $30.
The RSI of AVAX is near 47 with no slope in it suggesting its presence in the neutral zone. The overall momentum of the RSI is consolidating in nature.



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