{"id":19767,"date":"2023-04-12T16:05:02","date_gmt":"2023-04-12T16:05:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/key-indicator-suggests-possible-62-uptick\/"},"modified":"2023-04-12T16:05:02","modified_gmt":"2023-04-12T16:05:02","slug":"key-indicator-suggests-possible-62-uptick","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/key-indicator-suggests-possible-62-uptick\/","title":{"rendered":"key indicator suggests possible 62% uptick"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681314496900-c160c961-8ef0-4fb2-8242-77f20bbf2896-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681314496900-c160c961-8ef0-4fb2-8242-77f20bbf2896-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681314496900-c160c961-8ef0-4fb2-8242-77f20bbf2896-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681314496900-c160c961-8ef0-4fb2-8242-77f20bbf2896-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">AVAX is trading around $18.44 and could rally to $30 with fresh upside momentum.<\/li>\n<li dir=\"ltr\">On-chain data shows a jump in social volume and sentiment, suggestng uptick in retail activity.<\/li>\n<li dir=\"ltr\">Avalanche recorded a 62% jump in daily active users last week.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/avalanche\/\">Avalanche price<\/a> is up 1.5% at the time of writing, and just over 14% in the past one month.\u00a0<\/p>\n<p dir=\"ltr\">While the token of this Ethereum competitor has not seen a major price uptick compared to some of the top coins by market cap, on-chain data suggests a fresh catalyst is likely to see AVAX\/USD soar.<\/p>\n<h2 dir=\"ltr\">Avalanche (AVAX) price- on-chain metrics signal bullish outlook<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/avalanche\/\">Avalanche<\/a>, according to one on-chain metric, is flashing signals of a new upward momentum. Santiment, in a brief assessment of the Avalanche social volumes indicator, says current sentiment for this coin has been higher than when AVAX price rose to its year-to-date highs of $21 in February.<\/p>\n<p dir=\"ltr\">The increase in social volume as well as positive weighted sentiment for Avalanche during the latest pullback provides for a bullish outlook for the cryptocurrency, Santiment noted.<\/p>\n<p dir=\"ltr\">According to the on-chain data platform, AVAX\/USD saw \u201c<em>minimal social volume and sentiments were stagnant<\/em>,\u201d during the run to $21. The difference between then and now is clear in terms of the sharp increase in these metrics.<\/p>\n<p dir=\"ltr\">As such, Avalanche is poised for a potential uptick in retail buying, an outlook that could spell a period of sustained gains for the tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 The latest community insight posted by the <a href=\"https:\/\/twitter.com\/hashtag\/DCXResearch?src=hash&amp;ref_src=twsrc%5Etfw\">#DCXResearch<\/a> team notes that in February 2023, when the price of <a href=\"https:\/\/twitter.com\/hashtag\/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw\">#Avalanche<\/a> reached $21, there  was minimal social volume and sentiments were stagnant. However, during  the current pullback, there has been a notable increase in both <a href=\"https:\/\/t.co\/Qb4qD9dt0x\">pic.twitter.com\/Qb4qD9dt0x<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1646045849141809153?ref_src=twsrc%5Etfw\">April 12, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">\u201c<em>This is an interesting trend, as social volumes have significantly increased, suggesting a potential leading indicator that will be picked up by retail segment in price movement in coming near future<\/em>,\u201d Santiment noted as it commented on the price movement of AVAX.<\/p>\n<p dir=\"ltr\">On 10 April, Web3 platform Token Terminal<a href=\"https:\/\/twitter.com\/tokenterminal\/status\/1645447730838360067\">\u00a0<u>shared<\/u><\/a> details on Avalanche that showed daily active users on the network had spiked by more than 62% over the past week.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Daily active users on @avalancheavax up 62.8% over the past week \ud83d\udcc8 <a href=\"https:\/\/t.co\/dCkoaZuXdP\">pic.twitter.com\/dCkoaZuXdP<\/a><\/p>\n<p>\u2014 Token Terminal (@tokenterminal) <a href=\"https:\/\/twitter.com\/tokenterminal\/status\/1645447730838360067?ref_src=twsrc%5Etfw\">April 10, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Avalanche currently trades around $18.44 and could jump 22% to hit the February peak. The next target would be $30, which would mean a 64% jump from current levels.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/avax-price-outlook-key-indicator-points-to-new-momentum\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) AVAX is trading around $18.44 and could rally to $30 with fresh upside momentum. On-chain data shows a jump in social volume and sentiment, suggestng uptick in retail activity. Avalanche recorded a 62% jump in daily active users last week. Avalanche price is [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19767"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19767"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19768"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}