Avalanche Notches Solid Mid-Week Bounce – Can AVAX Sustain The Positive Noise?

The native token of Avalanche, AVAX, registered a strong upswing this week, suggesting that the altcoin is gaining a lot of traction at its current prices. As of this writing, AVAX is trading at $19.95, up 1.9% in the last seven days, data from Coingecko show, Friday. The token’s market value grew by more than 4 percent in the preceding 24 hours and by more than 11 percent on Tuesday, a swift comeback from its bearish performance over the weekend. Suggested Reading | CEL Token Price Plummets 50% As Celsius Goes Bankrupt AVAX Token Enjoying Decent Accumulation Trade volume increased by 73 percent during intraday trading. This indicates that the token is now being acquired and that buyers are actively trading AVAX. The most recent increase in AVAX’s price happened after the stock retested its June support levels. This result is consistent with AVAX’s fluctuating price behavior since it broke out of its wedge shape. Image: The Coin Republic If this performance continues over the following two weeks, a minor uptick can be anticipated before resistance materializes. The AVAX price has transformed the $18.26 barrier into a support base, together with the 50 and 200 Exponential Moving Averages. These factors are crucial for determining the future direction of Avalanche. Avalanche Seen Retesting $21 Level Provided the price of the token bounces off this level, investors can anticipate a 10% increase to retest th...