AVAX Bulls Defy Bearish Sentiment as Signals Suggest a Possible Market Adjustment

by Max Nevskyi

2 years ago

Despite an early advantage for bearish sentiment in the Avalanche (AVAX) market, positive momentum countered the trend. AVAX experienced an intra-day low of $12.36 during the bearish phase, but buyers swiftly intervened to push the price higher.

Consequently, investors pushed the AVAX price to a 24-hour peak of $13 before a minor decline. As of the current moment, bullish momentum continues to prevail, with AVAX trading at $12.80, marking a 0.97% increase. This surge in bullish activity suggests a strong demand for AVAX and reflects investor enthusiasm for its future prospects.

AVAX/USD 24-hour price chart

During the recent positive rebound, AVAX's market capitalization saw a 0.19% increase, reaching a total of $4,546,451,034. However, its 24-hour trading volume dipped by 1.19% to $215,670,662.

The article "AVAX Bulls Resist Bearish Trends as Indicators Suggest a Possible Adjustment" was originally published on Coin Edition.

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