Avalanche (AVAX) Overcomes Major Resistance, But Momentum May Be Fading

Avalanche (AVAX) recently experienced an uptick and successfully overcame a major hurdle at $13. This specific barrier had proven to be a significant challenge for AVAX bulls in previous weeks, stalling their upward momentum. AVAX Expectations! AVAX’s surge in performance can be attributed to several factors; one of them could be the rising demand for the wrapped version of Bitcoin (BTC) on the Avalanche network. As the price of Bitcoin climbs, more users have attempted to use wrapped BTC on Avalanche, contributing to the network’s growing user base. Will AVAX’s bullish momentum continue? According to CoinGecko, the price of AVAX, currently at $13.37, showed a 2.7% rally in the last 24 hours and an impressive 18.0% increase over seven days. However, a closer examination reveals that AVAX’s recent bullish momentum could be losing steam. Between June 10 and June 25, AVAX gained a significant value of 40% and set a […] The post Avalanche (AVAX) Overcomes Major Resistance, But Momentum May Be Fading appeared first on COINTURK NEWS.