Will The New $40 Million Retro9000 Grant Push AVAX Price to $40?

Quick Summary:

This breakout comes at a time of significant development on the Avalanche network, driven by the Avalanche Foundation’s recent announcement of a $40 million Retro9000 Grant Program.

On September 20, AVAX price broke through a crucial resistance level that had been holding it down for over two months.

For instance, the 200-day EMA at $28 lies within the $25.98 and $28.73 price ranges, where there are approximately $19.63 million worth of cumulative Longs across Binance, OKX, and Bybit.  On the flipside, there were only $10 million in Shorts.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: AVAX price Analysis AVAX price Avalanche Price Price Analysis

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 05:52:40 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 522 words

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Sentences: 51 lines

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Copyright Owner: © CoinGape

News ID: 22746068

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