Throughout the majority of the year, the Avalanche (AVAX) coin has seen a predominantly bearish trend. However, it has recently exhibited a noteworthy resurgence. Avalanche has demonstrated remarkable performance within the cryptocurrencies sector, exhibiting a significant increase of 10% during the past 24 hours. The AVAX price, which is currently valued at $18.12, exhibits a bullish engulfing candlestick pattern. From an optimistic perspective, the escalating demand has the potential to drive the bullish trend to surpass the $20 threshold. Related Reading: Mysterious Wallet Transfers 18 Million MATIC To Coinbase – What’s Going On? AVAX shows an impressive figure in the weekly timeframe. Source: CoinMarkeCap Indeed, the recent surge of 45% in the altcoin’s value over the past week has facilitated its ascendancy to the apex of the current top 20 coin rankings. The AVAX cryptocurrency is now experiencing an upward trajectory, with its objective being the reacquisition of the $20 threshold. Will the cryptocurrency surge persist, leading AVAX to exceed the $20 mark, or is a potential retracement on the horizon? The price of Avalanche has recently increased substantially for three key reasons. First ..
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