Avalanche Price Forecast – $500 Million Trading Volume Pumps AVAX Price 18% in 7 Days
AVAX has been trading in the red in the last 24 hours. The token benefited from last week’s volatility which saw most of the market make some gains. Over the past week, AVAX is up by 18.6%, but as the bearish momentum takes shape, these gains could likely be erased. Avalanche price forecast AVAX is losing its weekly uptrend momentum. The recent gains rallied the token from $16 to $19. However, this uptrend has weakened, and the token is falling again, with $15 being the likely outcome as the market adjusts after the interest rate hike expected to happen on Wednesday after this month’s FOMC meeting. Even though the price is correcting, investors anticipate that this token could rally higher in the long term, after which a rally to $20 could be on the way. AVAX trading volumes in the past 24 hours stand at over $457 million. Such gains will most likely be attributed to the growing adoption of the network by the best crypto apps. The Relative Strength Index...