Avalanche Price Analysis: AVAX breaks $60 previous all-time-high, set to rally further today?

TL;DR Breakdown Avalanche price analysis is bullish for today.AVAX/USD saw a strong rally this week.AVAX broke a new all-time high this morning. Avalanche price analysis is bullish today as the previous all-time high of $60 was broken earlier today, and the market continues moving higher. Therefore, we expect AVAX/USD to continue higher today and continue being the best performer. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 0.45 and 3.47 percent, respectively. Meanwhile, Avalanche (AVAX) is the best performer, with a gain of over 25 percent. Avalanche price movement in the last 24 hours: Avalanche breaks above $60 previous all-time-high AVAX/USD traded in a range of $48.35 – $64.87, indicating substantial volatility over the last 24 hours. Trading volume has increased by 1.88 percent and totals $2.98 billion, while the total market cap trades around $13.7 billion, ranking the coin in 13th place overall. AVAX/USD 4-hour chart: AVAX targets the $70 mark next? On the 4-hour chart, we can see the Avalanche price continuing to move higher after breaking above the $60 mark this morning. AVAX/USD 4-hour chart. Source: TradingView Avalanche price action has seen substantial volatility this month. After several weeks of consolidation at the end of August around the $40-$50 price area, a spike lower to $33 was...