AVAX has been experiencing a notable bullish trend lately, driven by a few key developments. The Avalanche Foundation's plan to repurchase 1.97 million AVAX tokens from the Luna Foundation has had a significant impact, contributing to a price surge of over 6% in the last few days. This move is seen as a strategy to prevent a mass liquidation that could otherwise negatively affect the AVAX market. Additionally, the announcement of a $40 million development grant and the upcoming Avalanche9000 network upgrade have further fueled optimism around the token, helping push AVAX to $29.
Market sentiment remains positive, with the token aiming to break the $30 resistance level. If successful, analysts predict further gains, with some forecasting a potential rise to $36.
#MemeCoinTrending #GrayscaleConsiders35Cryptos #USStockEarningsSeason #10MTradersLeague #DoYouHoldBNB $AVAX
