After a long spend time in a contracted falling wedge, the price last traded near the previous resistance turned support and showed 8.37% intraday growth, where the price traded at $28.03.
Its market cap has grown to $11.039 Billion, which has positioned it as the 11th-ranked crypto in the global top 100 cryptos based on its market cap. However, the liquidity is moderate, but the price shows its desire to break out of this range sooner in the coming sessions.
AVAX surpassing the wedge could lead to capturing the lost territories back, starting with $37 and 50 at first. The AVAX price looks approaching dynamic resistance from below, signifying growth is coming. Meanwhile, oscillators like mACD have formed a bullish cross in bearish territory, displaying bears' dominance reducing gradually. RSI flashed at 43.13, which has taken support from 14-SMA and has recovered from oversold.