Avalanche (native token 💲AVAX) is a level 1 blockchain, a decentralized platform for creating and launching dApps (decentralized applications). One of the important advantages is that the protocol burns all transaction fees, which makes AVAX a deflationary asset and will have a positive effect on its pricing in the future.
📊Technically, the price has been moving in a powerful upward trend for a month now, drawing beautiful figures on the chart and breaking through them in the right direction. Specifically, over the last 8 days of a significant correction, a Bullish Wedge has formed, which should work out along the upward trend🛫
Due to today's strait, the buyer's interest zone has also been pushed down, collecting liquidity💲below the level - the correction looks complete, growth can continue.
🔜 The local growth target is at $42-43.6. The weekend factor can play a positive role and push up the price. At the same time, be prepared for the Saturday night strait (big fish love such manipulations), after which we can see the full start of working out the formation. Have a wonderful weekend everyone!💙
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