AVAX 4-Hour Chart Indicates That Short Pump May Happen Soon


  • Avalanche’s (AVAX) price posted 5.58% gains in the last 24 hours.
  • An ascending triangle has formed on the 4-hour chart for AVAX/USDT.
  • The price could rise to $34 or drop to $30.

Avalanche’s (AVAX) price posted 5.58% gains in the last 24 hours, taking its price to $31.11, according to CoinMarketCap. AVAX’s price is still down for the last seven days, however, as it dropped 9.51% in the last week.

The price of AVAX is very near its 24-hour high of $32.38, with its low sitting around $29.16. Its price has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by around 2.49% and 2.30%, respectively, at the time of writing. At the moment, AVAX is worth approximately 0.001038 BTC and 0.01543 ETH.   

Ranked 12th on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, AVAX’s market cap currently stands at over $8.5 billion. The daily trading volume of AVAX has seen a fair increase of 67% in the last day. This takes the total 24-hour trading volume to over $725 t …