Summary
- Avalanche (AVAX) is facing uncertainty in the cryptocurrency market.
- Positive signs of relative outperformance are being countered by concerning metrics like dwindling market control and drop in trading activity.
- AVAX’s price has been volatile, consolidating around $38 with resistance levels at $48 and $53.
- Traders are indecisive about AVAX’s future, with a balanced long/short ratio and neutral mood on the Fear and Greed Index.
