Chart of the Day: AVAX
What’s beautiful about the AVAX chart is that it is at a very critical support level that gets bought up very often. Volume is down trending, which is great because it means volume is not backing the momentum. When key levels to the upside break is when true volume comes in. AVAX is 55% down from ATHs, volume isn’t not backing the move, which means it usually reclaims very quickly to the upwards side when true volume comes in. AVAX is waiting for Bitcoin to reclaim key levels, and when it does, it will be one of those shooting out the gates first.
For more on AVAX check out the latest Messari Crypto Thesis for 2022 here.