Strong upward momentum of Avalanche

$AVAX has impressively grown over the last day, moving from a low of $41.75 to a high of $46.72. The jump in trading volume by 26.34% highlights the growing interest from buyers.

The market capitalization of Avalanche has risen to $19.12 billion, reflecting positive sentiment among investors. This growth pushes it beyond TRON and strengthens the upward momentum of AVAX.

The immediate support level for AVAX is $41.75, the low of the recent trading range. If the price falls, this level could become a critical point to watch. A secondary support level at $42.50 has also been briefly tested and may provide additional safety cushion. On the resistance side, the price is currently facing a key barrier at $46.72. A breakout above this resistance could open the door for further growth. Having passed this level, the next resistance zone is between $47.50 and $48.00. However, the 1-hour RSI reading of 73.20 indicates that AVAX may be overbought in the short term. This could trigger a price correction. $LINK $UNI