Avalanche (AVAX), which came to the 10 dollar band for the first time after 2021, received a 7 percent reaction and became the second most rising coin of the day.
AVAX, which came to $ 10 these days for the first time since 2021, caused concern about the future price structure. In fact, AVAX, which could not find support at these levels for a while, was ringing the alarm bells with the falling effect of BTC. However, after the daily close, the major coin, which was priced upwards, reached $10.61, an increase of 7 percent. How is the graph progressing in the popular coin, which is relatively trustworthy with this move?
Avalanche (AVAX) chart review
AVAX, which came to the level of 10 dollars for the first time since 2021, has been circulating at this level for days. The major coin, which took off in the night waters, showed a 7 percent rise despite the weakness in BTC. At least, AVAX, which came out of the risky area, gave a sigh of relief to its investors and Avalanche ecosystem.
Currently trading at $10.45, AVAX can make a move to $11.41 and $12.18 if it exceeds the selling zone at $11. But in this process, both BTC and the news flow in the sector will have a say. AVAX, which has performed better than other altcoins in the last 24 hours, may be subject to greater selling pressure in the scenario where it cannot protect $ 9.72 as support.
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