Avalanche (AVAX) shows gains amid crypto market pullback post-Fed’s rate decision.
AVAX is now priced at $36.38, marking a 6.37% increase in the last 24 hours.
Following the Federal Reserve’s recent interest rate decision, which was unchanged, the cryptocurrency market witnessed a pullback. Avalanche (AVAX) emerged as a standout player, displaying resilience amidst the decline observed across major cryptocurrencies. Over the past 24 hours, AVAX experienced a 6.37% increase in market value, coupled with a 61.69% rally in trading volume, according to data from CoinMarketCap.
Avalanche (AVAX) Signals Potential Price Surge
As fear of missing out (FOMO) drove an increase in short positions among investors, AVAX remained bullish, signaling a potential major price upswing driven by heightened interest in the project.
In mid-2022, Avalanche saw a correction, plummeting from $60 to $11, marking a significant 81% decline. Since then, AVAX has traded in the range of $15 to $8. Despite this se
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