Avalanche (AVAX) approaches significant resistance at 26.07 USD, with supportive on-chain data showing a strong buy-side presence. The positive Spot Taker CVD signals a potential bullish shift, indicating a likelihood of reaching 30 USD if it successfully breaks through this resistance.
Recent data from CryptoQuant illustrates increased buying pressure, and the rising open interest in AVAX futures suggests more capital entering the market. However, the RSI nearing overbought levels implies caution for traders regarding potential pullbacks.
Leave a Reply