The decrease in fear created by Fuds (the climate of fear and anxiety in the market) regarding StarsArena benefited both the platform and the price of Avalanche (AVAX).
The problems with StarsArena that have been going on for a few days shook the AVAX price, especially the platform, albeit for a short time. Negative news, usually caused by contract problems, had significantly reduced the “floor” prices in StarsArena.
However, the clarification of the issues in question and the participation of crypto opinion leaders on the platform once again encouraged the Avalanche community. With these, the floor value of dozens of phenomenon names has climbed to much higher levels. Additionally, AVAX formed a short-term peak price
StarsArena doping to Avalanche (AVAX)!
AVAX, which experienced an increase in volume as the negative news circulating about StarsArena decreased and the influencers on the platform became more active, withstood its next resistance. The major coin, which comes to the door of $ 10.83, can move up to $ 12.24 – 13.83 and $ 15.96, respectively, if it overcomes the resistance in volume.
When interpreting the price of AVAX, attention should be paid to fundamental analysis as well as technical. AVAX, which gained strength with SocialFi’s support, has left its mark on the market under the leadership of StarsArena. If StarsArena continues to show an effective performance, it will naturally push the AVAX price up. If things turn around, there may be a relaxation to $8.60 again.
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