Avalanche (AVAX), one of the important names of the Major coin, relieved his investors by receiving a reaction from the support region.
Bitcoin, which draws volatile price movements with halving and geopolitical tension, continues to cause uneasiness in altcoin. In particular, the price structures in the major coin attracted attention. Avalanche (AVAX), which has been hovering around the $33 band for a few days, finally received a 10 percent reaction and sprinkled water on its investor base and ecosystem. But can this rise momentum in AVAX continue?
Continuing this burning downtrend at $65, AVAX was able to show some strength with the reaction it received from $33. The AVAX, which is weak compared to other major coin, may attack towards $38.53 – 43.64 – 48 – 55.10 – 59.42 and $65.51, respectively, if critical news from the ecosystem, BTC walks to $70,000 or BTC dominance increases. In addition to these, the price movements of AVAX’s biggest competitor Solana** (SOL) can also be decisive.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.