Avalanche vs. TRON: Market Cap Battle, AVAX Wins

Avalanche (AVAX) has overtaken TRON (TRX) in market capitalization, marking a significant shift in the cryptocurrency market. The price of AVAX has climbed 11.73% over the past 24 hours, showing increased investor confidence. Meanwhile, TRON has seen a moderate decline, with a slight recovery towards the end of the period.

Avalanche’s Strong Upward Momentum

AVAX has surged impressively in the last day, moving from a low of $41.75 to a high of $46.72. The 26.34% spike in trading volume highlights growing interest from buyers.

Avalanche’s market capitalization has grown to $19.12 billion, reflecting positive sentiment among investors. This increase pushes it past TRON and strengthens the upward momentum of AVAX.

The immediate support level for AVAX is at $41.75, the low of the recent trading range. If the price falls, this level could be a critical point to watch. A secondary support level at $42.50 was also briefly tested and could provide additional cushion.

On the resistance side, the price is currently facing a key barrier at $46.72. A breakthrough above this resistance could open the door for further gains. Moving past this level, the next resistance zone lies between $47.50 and $48.00.

Read also: Will Avalanche Be the First RWA Coin to Cross $10B Market Cap?

However, the 1-hour RSI reading of 73.20 suggests that AVAX might be overbought in the short term. This could cause a price correction. The 1-hour MACD remains above the signal line, which indicates that bullish momentum is still intact.

TRON’s Declining Market Activity

On the other hand, TRON has seen a 1.44% decrease in price, moving from $0.2145 to $0.2114. The 15.45% decrease in trading volume suggests weaker market activity and reduced investor interest. TRON’s market cap is now at $18.25 billion, reflecting the subdued price action.

For TRX, the key support levels to watch are $0.2100 and $0.2080. If the price dips below these levels, there could be further downward pressure. On the resistance side, $0.2145 is the immediate barrier, with a potential higher resistance zone between $0.2150 and $0.2160. If TRX can break above these levels, it may pave the way for further upside.

TRON’s 1-hour RSI reading of 57.21 indicates a neutral market position. This suggests neither overbought nor oversold conditions, which could mean that TRX is still consolidating. The 1-hour MACD, like AVAX, is above the signal line, hinting at possible short-term upward movement.