Avalanche price analysis: AVAX looks promising as traders cheer $55 resistance breach

TL;DR Breakdown Avalanche token breaks the bearish streak.Avalanche price analysis shows a 1.94 percent increase in value today.The resistance level of $55.42 may get tramped over. The current Avalanche price analysis shows promising signs for the investors. The price levels went up significantly last week to the $55.42 mark while a very volatile market for the crypto, still the trend line went high to a new level. Bears showed good resistance and tried to get the lead, plunging the price down to $41.26 in two days, but bulls seem aggressive enough and are again on strike. Last week proved surprisingly rewarding for the bulls when AVAX/USD touched the highest price level after February 2021, gaining a value of 33.01 percent over the previous two weeks alone. Currently, in the last few hours, an upward trend is again imminent in the altcoins and crypto market in general. AVAX/USD 1-day price chart: Bulls getting the lead, leaving behind bears The AVAX has successfully climbed above the $55 resistance in a sharp upmove. The bulls are in joy as the pair makes fresh strides towards new highs. AVAX/USD 1-day price chart. Source: Tradingview Though bears tried to turn the upward trend effectively, but today, the moving average (MA) is just below the price level at the $46.22 mark giving hope for a bullish continuation. Despite the unpredictable volatility as the upper Bollinger Band seems to be going past the $59 mark and the lower...