Avalanche (AVAX) Set to Soar to $7.05 as Smart Money Accumulates

AVAX, the native cryptocurrency of the Avalanche network, is poised to reach $7.05 before making its next significant move, according to a recent analysis.

The Smart Money Coiling indicator, a tool used to gauge market sentiment and potential price movements, has been in a 'coiled' state for AVAX since March 2023.

This means that the smart money, or large investors and traders, are accumulating AVAX and waiting for the right moment to enter the market.

Once they do, the indicator suggests that prices could surge rapidly, potentially reaching $7.05 before a more substantial correction.