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TronWeekly

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Avalanche (AVAX) Retests Key Resistance with Volume Spike, Eyes $22

  • Avalanche (AVAX) surged 5.27% to trade at $19.27, retesting a key resistance level near the 200 EMA, signaling a potential breakout towards $22.
  • Growing market cap and volume indicate increased investor interest in the Avalanche network.
  • Bullish confluence at the 200 EMA and trendline resistance suggests a possible trend reversal and rally above $20 towards the $22 resistance zone.
  • Altcoins like AVAX are regaining strength amid a market rebound, with technical indicators and investor interest pointing towards a bullish phase.

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