AVAX Sees Potential Recovery: Key Resistance Level Looms Ahead

May’s TÜFE report might suggest continuing cooling inflation in the US. However, the crypto market rendered mixed results after the TÜFE data. In particular, Avalanche (AVAX) attempted a recovery but reached a key resistance level in early 2023. Furthermore, more upcoming barriers could delay a sharp upward movement for the altcoin. Future of Avax Coin The RSI and CMF have steadily improved in the last few days. It may indicate increasing buying pressure and capital influx for AVAX. However, the RSI is heading towards the median level and may encounter minor resistance before progressing. There are also two FVG (fair value gap) zones between $11.7 – $13 (white) and $13.2 – $13.7 (red). The latter is near the previous range’s lowest level of $13.7, while the former aligns with the resistance level of $12.1 in late December/early January. This suggests a resistance area extending to the lower range above the […] The post AVAX Sees Potential Recovery: Key Resistance Level Looms Ahead appeared first on COINTURK NEWS.