Yahya 
Given its quite strong price swings, Avalanche (AVAX) has lately attracted attention. AVAX has a neutral attitude as TradingView reveals; technical indicators suggest a mix between bullish and bearish impulses. Since the performance of the currency is directly related with major levels of support and resistance, traders should pay great attention to it.
Tested several times, the first notable support level for AVAX is $21.31, a vital figure. Should the price drop below this level, $17.21 would be the next fascinating benchmark. Positively, the first resistance level is around $28.06; breaching this might send the price towards the second resistance level, $33.03. These levels will most likely determine the transient price swings of AVAX.
Data from Token Metrics indicates that AVAX is presently in a consolidation period, which would imply likely future price movement chances. Still, whether the price crosses this period will depend much on the general state of the market and investor attitude. The great network activity of AVAX is very inspiring for long-term investors.
The study by InvestTech shows AVAX with a medium-term bright future. Future adoption as well as price increase should be stimulated by the continuous changes in the Avalanche surroundings. Strong on-chain data published by IntoTheBlock shows that AVAX has future prospects even in the present market consolidation, therefore supporting this good evaluation.
AVAX is well-known on CoinMarketCap for its busy trading volume and large market capitalization, both of which are vital elements deciding its general market resilience. The statistics show that the long-term potential is still strong despite any occasional volatility.
The future price movements of AVAX will mostly depend on its ability to maintain significant support levels and overcome significant resistance points. Investors should be alert for on-chain activity, market trends, and overall market mood as they will be very important in influencing the direction of the currency in the following weeks.
The information in this article does not provide any investment advice.
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