ThorChain (RUNE) and Avalanche (AVAX) price movements in the daily chart point to reignited bulls. AVAX/USDT may thaw back to $40, while RUNE/USDT is open to $17.
Avalanche (AVAX)
The Avalanche platform is more of an umbrella offering several DeFi-related services ranging from trading, issuing of financial assets, and more. Its native currency AVAX is the subject of this technical analysis.
Past Performance of AVAX
The AVAX/USD is oscillating within a $4 zone with support and resistance at $26 and $30, respectively.
Technically, bulls are in control with decent trading volumes, which rose 51 percent to $132 million on the last trading day.
Day-Ahead and What to Expect
From candlestick arrangement and AVAX/USDT technical analysis on the daily chart, buyers are in control.
AVAX is changing hands at $30, adding roughly eight percent across the board. It is up double digits versus BTC and USD on the last trading week. AVAX remains in an uptrend, rebounding after a three-bar bullish reversal pattern of Apr 24 to 26.
AVAX/USDT Technical Analysis
RUNE/USDT Price Forecast
