AVAX Analysis

Avalanche, one of the largest smart contract platforms after Solana $155, faces morale issues due to recent Crypto Leaks claims. Insider whistleblowers have reported that a significant portion of the nodes on the network is managed by Ava, coupled with concerns over a massive supply. These allegations may have adverse effects in potential upcoming legal actions against Avalanche.

Referring to the charts, the $31.6 level remains as resistance. If the previous parallel channel support is reclaimed, the $50 target could be revisited. Above this, the $62 resistance will be aimed, and eventually, attempts at three-digit prices may be seen. The key here is, of course, BTC price performance.

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