Avalanche's AVAX Hits Critical Resistance at $10.96
Avalanche's cryptocurrency, AVAX, has regained attention as it faces a critical resistance level of $10.96.
The price of AVAX had rebounded from $9.98 and reached $10.55, which is now seen as a crucial short-term support level.
Analysts predict that the next resistance levels for AVAX will be at $17 and $22, with $27 being a longer-term possibility.
In related news, the Bitwise Avalanche ETF saw a significant weekly inflow of $231,000, marking one of the strongest periods in the quarter.