<ul><li>Avalon Labs' native token AVL surged over 20% in 24 hours following the announcement of an 80 million token burn.</li><li>The burned tokens, totaling 80 million AVL, constitute approximately 44% of Avalon's circulating supply, with a value of around $16 million, having been removed from circulation.</li><li>AVL price hit an intraday high of $0.23 and could potentially surpass $0.30 targeting recent highs, driven by the optimism following the token burn.</li><li>Technical indicators like the RSI and MACD suggest bullish momentum in AVL's price action, with potential resistance levels at $0.44 and a major supply wall near $0.75 to watch for.</li></ul>

AVL price surges after Avalon Labs executes 80M token burn

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