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$AVAX looks like one of the interesting candidates for a rebound.
Right now, the price is around $6.7, with a market cap of about $2.9B and trading volume of roughly $200M over 24h.
Against the backdrop of the recent growth of the ecosystem and new use cases, Avalanche demand should gradually return. In the short term, I would watch for consolidation above local resistance—if that breaks, I’m expecting a solid upward impulse.
There was and still is potential in $AVAX , but the main thing right now is confirmation of the move with volume.
Tell me what you think about this?
$AVAX looks like one of the interesting candidates for a rebound.
Right now, the price is around $6.7, with a market cap of about $2.9B and trading volume of roughly $200M over 24h.
Against the backdrop of the recent growth of the ecosystem and new use cases, Avalanche demand should gradually return. In the short term, I would watch for consolidation above local resistance—if that breaks, I’m expecting a solid upward impulse.
There was and still is potential in $AVAX , but the main thing right now is confirmation of the move with volume.
Tell me what you think about this?