Avalanche (AVAX) Price Hits 30-Day High with Growing Market Demand
Avalanche (AVAX) Reaches One-Month High amid Market Rally
AVAX is now trading at a 30-day high. If the bulls maintain the current market trend, it may extend its gains.
Avalanche Sees Surge in Demand
Apart from the general market rally, the demand for AVAX amongst market participants has skyrocketed in the last week. In the past week, the count of addresses that have completed at least one AVAX transaction daily has risen by 36%. Likewise, the number of new addresses created to trade AVAX during the period under review has climbed by 41%. The rise in an asset’s daily active address, alongside a surge in new demand, suggests a strong trend.
- AVAX has also seen a spike in the volume of large transactions completed.
AVAX Price Prediction: The Buyers Look to Book More Gains
AVAX’s CMF tracks the money flow into and out of its market. When it returns a reading above zero, it suggests that the token’s closing price is higher than its average price for the period, and the trading volume is also above average.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.