AVAX’s Rollercoaster Ride: A Surge, A Correction, And What’s Next

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At the end of 2023, AVAX experienced a dramatic surge, skyrocketing from $9 to $44 in just two months. However, the price has since settled around $20, a level that previously served as resistance. Currently, there’s little on-chain resistance to hinder AVAX’s price movement, leaving its trajectory largely dependent on broader market sentiment. At the end of 2023, $AVAX surged from $9 to $44 in just two months. Now trading around $20—a level that previously acted as resistance—we see no significant on-chain resistance nearby. $AVAX’s trajectory is currently at the mercy of broader market sentiment. A wave of… pic.twitter.com/8BvnbBTUGf —

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