When we look at the $AVAX chart from the market cap value, the image is much cleaner and more understandable.

In the last down wave, #AVAX✅ retested the range top it broke at the end of 2023. AVAX's Cliff Token Unlocks have currently ended. I believe that during the bull period, AVAX will see its old peak of $34 billion in market cap and rise above this region.