Avalanche rebounds 25% in five days as AVAX price tests key level — Big rally ahead? By Cointelegraph

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Avalanche rebounds 25% in five days as AVAX price tests key level — Big rally ahead?

Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the pair faces the possibility of continuing its upside retracement move further into Q2.

AVAX’s price surged to almost $69.50 on May 5 from nearly $55 on April 30, a 25% jump.

AVAX/USD weekly price chart. Source: TradingView
Avalanche network value and cumulative revenue during Q1. Source: Messari