Avalanche$AVAX has been one of the most talked-about cryptocurrencies recently. Known for its fast transaction speeds and low fees, Avalanche is quickly becoming a favorite among DeFi users and developers.
Why is Avalanche gaining momentum now?
Recent network upgrades and growing DeFi activity on Avalanche have sparked investor interest. Plus, positive market sentiment around Layer 1 blockchains is helping AVAX shine in the spotlight.
What’s the short-term signal?
Technical indicators suggest that AVAX$AVAX is about to bounce from a critical support level near $18. This bounce could trigger a short-term rally, making it a good opportunity for traders looking for quick profits in the next 2 to 5 hours.
Key things to watch:
Increasing volume, which supports the potential upward move.
Resistance near $22; a break above this could confirm the bullish trend.
General market conditions, as they impact AVAX$AVAX price movement.
Final thoughts:
Avalanche’s fundamentals remain strong, and this short-term signal could be a good chance for traders to enter before a possible price surge. As always, make sure to manage your risk properly.
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