AVAX is back on the edge of key price territory after recovering from the bearish decline triggered by the token unlock on February 23.

With the price hovering at $40, buyers will be looking to quickly take advantage of the bullish sentiment in the market to cross this bearish barrier.

This could yield good gains for patient traders in the medium to long term, as AVAX looks set to breakout with huge bullish momentum.

Demand for AVAX could lead to a 35% price increase

The Relative Strength Index (RSI) is a momentum indicator that measures whether an asset is accumulating or selling. Readings above 50 indicate that bulls have the advantage and the coin is in an uptrend, while readings below 50 indicate the opposite.

Despite the retracement on the daily chart, AVAX’s RSI remains above the neutral 50 level, which highlights the bullish strength for AVAX. Once bulls break the $43 resistance to support, it will be a good buying opportunity.

Therefore, traders can enter a buy position when the bullish candle closes above $44. The mid- to long-term target is $60, which could yield nearly 35% gains for buyers.

Chaikin Money Flow (CMF)’s positive reading of +0.16 adds to bullish sentiment and profit opportunities for AVAX. #热门话题 #BTC #avax雪崩

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