Avalanche Price Analysis: AVAX Defending the $70 support strongly

TL;DR Breakdown Avalanche price analysis indicates bullishnessAVAX/USD retested a previous high today.AVAX eyes new all-time high in days to come Today’s Avalanche price analysis is bullish as the market has advanced strongly in the last 24 hours and is now close to the prior swing high of $65. We anticipate further gains later today, and a new high, as long as AVAX/USD can maintain its momentum. Over the past 24 hours, the market has swung mostly in the red. Bitcoin fell 0.33% and Ethereum rose 3.39%, while Avalanche (AVAX) was the best performer, increasing by more than 20%. Avalanche price movement in the last 24 hours: Avalanche rally eyes $70 range The price of AVX/USD has been trading in a range of $52.01 to $65.14 for the last 24 hours, suggesting considerable volatility over the period. The total trade volume has increased by 115.54 percent and is now at $2.13 billion, while the overall market capitalization is about $14.12 billion AVAX/USD 4-hour chart: AVAX set to break $65? On the 4-hour chart, we can observe the Avalanche price action attempting to break past swing high of $65. AVAX/USD 4-hour chart. Source: TradingView In light of this, the price action for the Bitcoin rate has seen a resurgence of bullish momentum in recent days. After declining by more than 30 percent on September 7th, a new lower low was established at $33. AVAX, on the other hand, accelerated throughout the following week, with a new pe...