AVAX, the native token of the Avalanche protocol, presented a mixed experience for investors in the month of March. The altcoin initially rose by over 64% to trade above $65 for the first time since May 2022 before declining by 18.44% in the last two weeks.
Unsurprisingly, AVAX’s price movement has drawn much attention from investors and market experts alike. Notably, a popular crypto analyst with the X handle Rekt Capital has advised against panic, stating the recent decline of the altcoin could prove to be rather beneficial for investors.
AVAX To Return To $65-$70 Price Zone, Analyst Stands Confident
In a post on X on March 30, Rekt Capital shared that AVAX has suffered an overall decline since encountering the $65-$70 price zone in mid-March. However, the analyst has described this price drop as a “healthy dip,” which could result in the token returning to previously high levels.
$AVAX
Avalanche rallied to the $65-$70 area
And is now dipping towards the December
We współpracy z: https://www.newsbtc.com/avalanche/analyst-avalanche-avax-in-healthy-retreat-potential-rebound-lies-ahead/
