The native token of Avalanche, AVAX, registered a strong upswing this week, suggesting that the altcoin is gaining a lot of traction at its current prices.
As of this writing, AVAX is trading at $19.95, up 1.9% in the last seven days, data from Coingecko show, Friday.
The token’s market value grew by more than 4 percent in the preceding 24 hours and by more than 11 percent on Tuesday, a swift comeback from its bearish performance over the weekend.
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AVAX Token Enjoying Decent Accumulation
Trade volume increased by 73 percent during intraday trading. This indicates that the token is now being acquired and that buyers are actively trading AVAX.
The most recent increase in AVAX’s price happened after the stock retested its June support levels. This result is consistent with AVAX’s fluctuating price behavior since it broke out of its wedge shape.
Image: The Coin Republic
If this performance continues over the followi ..
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