Avax did not see much drop during the recent meltdown that hit the crypto space, which led most altcoins to their two-week lows. Instead, it remained in a consolidation phase and held well above the $50 level.
That consolidation phase saw the asset through several rejections with no major signs of where it is likely to head next. Although, the trend remains bullish from a technical standpoint.
🔴Anticipating the next possible move, Avax is likely to sustain momentum considering the long-term bullish bias surrounding the asset. A surge above last week’s high should poise the price for more rallies on the daily outlook..
🔴 keep on eyes 👀
$AVAX
