Should You Swap BNB for AVAX? Key Indicator Flashes Avalanche Strength
The post Should You Swap BNB for AVAX? Key Indicator Flashes Avalanche Strength appeared on BitcoinEthereumNews.com.
As the crypto market continues its volatile dance, investors are constantly seeking signals that can guide smarter moves. While Binance Coin (BNB) has been a staple of strength in the digital asset ecosystem, a recent surge in Avalanche (AVAX) is prompting traders to take a closer look. With technical indicators pointing toward a potential breakout for AVAX, could it be time to rotate capital from BNB to this rising contender? This article powered by Outset PR explores the performance of both assets, analyzes current price action, and breaks down the key signals you need to watch before making a move. BNB Shows Promising Growth Potential Amidst Recent Price Surges Source: tradingview BNB is catching traders’ attention as it bounces between $776 and $880. Its recent uptick marks a significant monthly climb of 32%, outperforming its six-month rise of 29%. This upward trajectory places it above the 10-day moving average, hinting at bullish momentum. The next hurdle, just above $915, is crucial. If BNB breaks past this, it could aim for the $1019 mark, promising gains of around 16%. The Relative Strength Index nearing 71 suggests the coin is gaining strength. If support holds near $708, BNB’s climb may continue, making it a star in the crypto market’s current cycle. AVAX Rises Amidst Market Fluctuations: Can It Hit New Heights? Source: tradingview Avalanche (AVAX) is currently trading between twenty-three and nearly twenty-eight dollars. The coin has surged over fifty-five percent in the last month, showing impressive growth. However, the relative strength index above seventy suggests that the coin is overbought. The nearest resistance is at almost twenty-nine dollars, with a further level at thirty-three dollars. Breaking these could signal further growth. The support is strong at around twenty-one dollars, providing a safety net. If AVAX continues its upward trend, it could…
Filed under: News - @ July 29, 2025 5:24 am