IntoTheBlock: AVAX currently has no significant on-chain resistance, and its trend is influenced by market sentiment
ChainCatcher news, IntoTheBlock posted on X that by the end of 2023, AVAX surged from $9 to $44 in just two months. The current trading price is around $20 (which was previously a resistance level), and IntoTheBlock believes there is no significant on-chain resistance nearby. The movement of AVAX is currently influenced by broader market sentiment. A wave of optimism could push it towards the key resistance level of $30, while a downturn in sentiment could drive it down to $16.
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