AVAX is setting up to flip a key resistance into local support which could see the altcoin begin a new bull rally.
The token began the weekend with a 4% surge, helping recover part of its weekly losses with the 14th ranked coin posting a plunge of more than 10%.
Avalanche’s AVAX is setting up to go on a parabolic rally following a recent correction. A breakout is contingent on the altcoin flipping a key resistance and turning it into support as it forges a long-term bullish path. The 12th-ranked cryptocurrency which enjoys a market cap of a little over $17.8 billion, has in recent weeks come under great bearish pressure, signaling a decrease in investor interest.
Data from the last 7 days shows that AVAX has reached a high of $54.32 and subsequently dropped to a low of $44.23. While the current price shows a healthy rebound, some experts have warned of a potential drop to the $36 low. At the time of writing, AVAX is trading at $47 after a 5% surge in the last 24 hours. However, the a

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