Avalanche Price Analysis: AVAX sets a higher low at $62.5, rally to follow today?

TL;DR Breakdown Avalanche price analysis is bullish for today.AVAX/USD saw a higher low set yesterday.AVAX prepares for another push higher. Avalanche price analysis is bullish today as a new higher low was set yesterday above the $2.5 mark, and bulls have started to push the market higher since. Therefore, we expect AVAX/USD to see further upside over the next 24 hours as bulls look to set another higher high this week. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 5.36 and 11.63 percent, respectively, while Uniswap (UNI) is the best performer, with a gain of more than 35 percent. Avalanche price movement in the last 24 hours: Avalanche sets higher low at $62.5 AVAX/USD traded in a range of $63.85 – $71.48, indicating strong volatility over the last 24 hours. Trading volume has increased by 12 percent and totals $1.2 billion, while the total market cap trades around $15.2 billion, ranking the coin in 12th place overall. AVAX/USD 4-hour chart: AVAX set to rally today? On the 4-hour chart, the Avalanche price has established a base above $65 from which to move higher later today. AVAX/USD 4-hour chart. Source: TradingView The Avalanche price action has seen strong bullish momentum so far this week. After a quick spike lower on the 7th of September, AVAX/USD began a strong rally to $65 during the following wee...