Avalanche Price Breaks Out Above $10 Amidst Rising Trading Volume

Avalanche's price has broken out above $10 after a prolonged consolidation period between $7.00 and $8.20.

The cryptocurrency cleared several important resistance levels, including its short- and medium-term moving averages, before reclaiming the psychologically significant $10 mark.

Trading volume increased sharply during the advance, adding credibility to the bullish price movement.

However, Avalanche is showing signs of short-term overheating after its rapid rise, with the Relative Strength Index (RSI) above 75 indicating overbought territory.