Since early May, AVAX has seen a sharp increase in daily transactions, with levels reaching approximately 759,000. This surge reflects a growing user engagement and utility of the Avalanche network.
Currently, AVAX’s price is challenging resistance levels between 23.3 USD and 24.5 USD. A close above 24.1 USD may indicate a bullish sentiment, prompting potential bullish momentum.
Despite increasing Taker Buy Dominance, whale activity demonstrates a mix of confidence and caution near key resistance levels, indicating a potential volatility in AVAX’s price action.
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