Avalanche has seen a 35% surge following over 120 million USD in liquidity inflows, reflecting rising trust among cross-chain investors. The current trading price is 24.79 USD, indicating a bullish sentiment.
The asset has broken free from a multi-month descending channel, suggesting a possible trend reversal and targeting the 26.94 USD resistance. Increased trading volume supports this technical momentum.
AVAX’s social engagement has increased, with a peak social dominance of 0.729%, boosting speculative interest. Additionally, positive funding rates signal a bullish bias, further encouraging traders to maintain long positions.
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