The price of Avalanche (AVAX) has shown positive momentum, but it remains range-bound. In the past 24 hours, the altcoin saw a 1.8% increase. However, on the weekly chart, it has retraced all its gains due to the lack of significant movement within the range. AVAX is struggling to surpass the $14 level, which has historically acted as a significant resistance. If AVAX manages to break above this resistance level, a rally is possible. However, the price movement of AVAX is closely tied to Bitcoin’s performance, as other altcoins have exhibited similar patterns. If Bitcoin drops to the $31,000 range,
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Author: coinmaker