AVAX Price Movement Tracked as Avalanche Buyers Watch for Rotation

Avalanche's AVAX token is trading near $7.16, and its price movement is being closely watched by investors as they await signs of rotation into Layer-1 networks.

The token must reclaim the support level around $8 before a stronger recovery towards $10 can develop, which would represent approximately 40% growth for AVAX.

Avalanche's customisable Layer-1 blockchains are seen as a major advantage over other smart-contract networks, allowing businesses and application developers to create dedicated networks with their own rules and performance requirements.