Avalanche (AVAX) is a blockchain platform designed to provide a high-performance, scalable, and customizable ecosystem for building decentralized applications (DApps) and blockchain networks.
The price of Avalanche (AVAX) has returned to the downtrend zone after being rejected at the $33 high. Had the $3 barrier been breached, the cryptocurrency would have risen to $41.
The price of Avalanche (AVAX) has resumed a positive trend by breaking above the 50-day SMA. However, the breakout was limited by the presence of doji candlesticks.