Avalanche [AVAX] Scores Fresh ATH; What’s Next?

Avalanche [AVAX] has been outperforming its peers. The leading crypto-asset charted a new all-time high at $101.37 in the wee hours of the 17th of November. Besides, Avalanche has also witnessed tremendous growth on the DeFi front.

Prominent research and investment firm Delphi Digital observed that TVL on the network reached a new high on the 15th of November this year. In the backdrop of the native token’s price tapping new records, Avalanche’s DeFi TVL has crossed $10 billion. Delving further, the consulting platform said that AVAX continued to dominate against its competitors and has effectively managed to stand out with regards to its ability to attract capital inflows on its chain.

As per the latest stats on DeFiLlama, TVL on AVAX attained a new high of $10.36 billion two days back and is currently at $10.29 billion. Despite a minor pullback, the figure has continued to hover close to it.

Avalanche [AVAX] Daily Chart

The network‘s positive development has reflected on AVAX’s price as well. At the time of writing, AVAX was trading at $97.34 after a daily rise of 7.53%. Its market cap was found to be at $21.68 billion while its 24-hour trading volume stood at $1.89 billion.

As gauged from the above 1-day price chart, the diverging Bollinger Bands [BB] depicted increased volatility in the coin market. The MACD indicator is aligned towards the bulls. On the other hand, the Klinger Oscillator [KO] appeared to be gearing up for a bearish crossover in the near term.

Avalanche [AVAX] 4-hour Chart

In the 4-hour chart, the Awesome Oscillator [AO] is leaning towards a bullish momentum. With respect to the trading activity, the Relative Strength Index [RSI] indicator has managed to hold its ground above the 50-median line meaning buyers are dominating the market. The Chaikin Money Flow [CMF] cruising above the zero line is projecting strong capital inflows in the market.