#AltcoinMomentum

I’ve been tracking and posting about AVAX on Binance Square for the past 8 days. Here's a summary:

Avalanche (AVAX) has been catching the attention of crypto enthusiasts due to its impressive performance over the past week, with signs of a potential long-term bullish trend, sparking optimism among investors.

Starting on November 20th, AVAX saw a significant rise, with strong bullish momentum visible across all time frames. This marked the beginning of a solid rally, attracting more market interest.

By November 25th, AVAX reached $48, before entering a consolidation phase, creating a solid base for possible future gains.

From November 26th to 28th, AVAX traded sideways while maintaining a bullish outlook. The price fluctuated between a low of $38.5 and a high of $48, reflecting growing positive sentiment among traders.

As of November 28th, AVAX’s trading volume showed consistent growth. Around the $50 level, volume increased from 71K to 74K, indicating strong buying pressure and reinforcing confidence in AVAX's potential.

The Luxalgo Smart Money Concept Indicator also confirms the bullish trend, as it shows a shift in market dynamics, with the strong low moving from $38.5 to around $42-$42.5, reflecting increased buying activity and reduced selling pressure.

Currently, AVAX is trading between $42 and $44, with a slight downtrend. The volume around the $50 mark has reached 76K. The $42 level remains a key support, and if it breaks, there could be a correction to the $35-$36 range.