Which Are Three Important Price Levels For Avalanche?

Initially, AVAX, which reached a local peak at $65.39 on March 18, has since fallen by about 45%, currently trading at approximately $36.72.

The green bubble on Into TheBlock's global in/out of the money chart reveals that 866,000 addresses have bought around 14.49 million AVAX at an average price of $31.72. This figure is pivotal because it represents a key demand zone that could provide strong support if the price drops to these levels again.

On the flip side, the red bubble indicates a potential resistance level. This involves roughly 1.04 million addresses that hold about 22.75 million AVAX, purchased at an average of $48.67. AVAX price might face resistance at this level because investors might sell to break even DYOR $AVAX