{"id":357989,"date":"2023-12-07T02:00:00","date_gmt":"2023-12-06T20:30:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=357989"},"modified":"2023-12-06T19:31:48","modified_gmt":"2023-12-06T14:01:48","slug":"avax-surpasses-bitcoin-in-this-area-rises-13-in-48-hours","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/avax-surpasses-bitcoin-in-this-area-rises-13-in-48-hours\/","title":{"rendered":"AVAX surpasses Bitcoin in this area, rises 13% in 48 hours"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">AVAX surged by over 13% in the last 48 hours.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Avalanche&#8217;s Funding Rate has hit its highest point in over six months.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Over the past few days, Avalanche [AVAX] experienced a notable rally. It might be the only altcoin that has surpassed even Bitcoin [BTC] in recent upward movements.<\/span><\/p>\n<h4><b>Avalanche decouples from Bitcoin&#8217;s trend<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Upon analyzing the daily timeframe chart of <a href=\"http:\/\/ambcrypto.com\/can-any-avalanche-based-tokens-come-close-to-its-flagship-avax\/\" target=\"_blank\" rel=\"noopener\">Avalanche<\/a>, AMBCrypto found some intriguing trends. Notably, AVAX has sustained an upward trajectory for eight consecutive days, with only a single-day interruption. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During this period, AVAX showed a remarkable 28% increase, and in the last 48 hours alone, it rose by over 13%. The closing trade on the 5th of December saw a notable 8.2% increase, reaching around $24.5. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, AVAX continued its rise, registering an additional 6% gain and trading at around $26 at the time of this writing.<\/span><\/p>\n<figure id=\"attachment_357990\" aria-describedby=\"caption-attachment-357990\" style=\"width: 1793px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41.png\"><img decoding=\"async\" class=\"wp-image-357990 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41.png\" alt=\"Avalanche price trend\" width=\"1793\" height=\"752\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41-300x126.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41-1024x429.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41-768x322.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/AVAXUSD_2023-12-06_10-19-41-1536x644.png 1536w\" sizes=\"(max-width: 1793px) 100vw, 1793px\" \/><\/a><figcaption id=\"caption-attachment-357990\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Bitcoin has also displayed positive momentum in recent days, although it took three days to achieve a 9% increase. Thus, <a href=\"https:\/\/eng.ambcrypto.com\/avalanche-flips-20-to-support-and-bulls-have-their-next-target-in-sight\/\" target=\"_blank\" rel=\"noopener\">AVAX<\/a> has outpaced Bitcoin in terms of both the rate and extent of its recent gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), underscored AVAX&#8217;s bullish trend. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of assessment, the RSI was over 75, signaling strong momentum, while the MACD lines were on the verge of a bullish crossover. These indicators collectively suggested a favorable outlook for AVAX.<\/span><\/p>\n<h4><b>Avalanche: Volume picks up the pace<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">An examination of <a href=\"http:\/\/ambcrypto.com\/how-avax-reacted-to-avalanches-rising-network-activity\/\" target=\"_blank\" rel=\"noopener\">Avalanche&#8217;s<\/a> volume trend on Santiment revealed a substantial increase over the past few days. The chart showed a consistent uptick in volume since the onset of the month. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commencing at around 594 million at the beginning of the month, the volume rose to over 816 million by the close of the 5th of December. As of this writing, the volume was over 1.2 billion, nearly doubling the volume at the beginning of the month.<\/span><\/p>\n<figure id=\"attachment_357991\" aria-describedby=\"caption-attachment-357991\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023.png\"><img decoding=\"async\" class=\"wp-image-357991 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023.png\" alt=\"AVAX volume trend\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/Avalanche-AVAX-10.24.02-06-Dec-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-357991\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">When AMBCrypto delved deeper into the volume data on <a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a>, we remarkable uptrend was evident. Notably, there has been a notable increase of over 70% in the last 24 hours alone. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, market capitalization has experienced a significant uptick, marking an increase of over 19% as of this writing.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are 1,10,100 AVAXs worth today?<\/p>\n<hr \/>\n<h4><b>Positive sentiments across the board<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Derivative traders have exhibited excitement regarding the ongoing price trend, as evidenced by the press time Funding Rate. <a href=\"https:\/\/www.coinglass.com\/currencies\/AVAX\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a> showed that <a href=\"https:\/\/eng.ambcrypto.com\/whats-behind-avalanches-rocketing-adoption\/\" target=\"_blank\" rel=\"noopener\">Avalanche&#8217;s<\/a> Funding Rate was around 0.05% at press time, its highest point over the past six months. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This Funding Rate showed that traders were actively speculating on the continued upward movement of the price. Also, it reflected a prevailing positive sentiment in the market at the time of writing.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche is seeing great momentum, as the spot and derivative volumes show positive sentiments from traders.<\/p>\n","protected":false},"author":76,"featured_media":357992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-357989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AVAX surpasses Bitcoin in this area, rises 13% in 48 hours - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Avalanche is going solo with its price trend. 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