AVAX Surpasses $50 Mark Signaling Major Adjustment Ahead

AVAX investors accumulated significant volumes of the token at the $57 price level, hinting at a potential surge towards $100, albeit preceded by a probable correction

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Over the past 24 hours, the price of Avalanche [AVAX] increased by 13.13%,

surpassing the $50 threshold. This price increase comes from more than just a few fundamental factors.

According to IntoTheBlock, the spike in trading volume has influenced the price increase. A report from the cryptocurrency intelligence platform has shown that trading volume reached $329 million on March 11. This is the highest level since December 2023. Despite the large increase in trading volume There is no guarantee that it will lead to price increases, but with AVAX, this has special significance.