Token

Avalanche

Coin

<ul class="news-points"> 
 <li>AVAX’s price increased by 4.63%, rising above $35 in the process.</li> 
 <li>If bulls breach the $36.75 resistance, AVAX might surpass $40 in the short term.</li> 
 <li>Avalanche’s TVL hovered around the same point it was 30 days back.</li> 
</ul> 
After dropping below $30 on January 23, the price of <a href="https://coinedition.com/xrp-ada-avax-dot-and-ton-predictions-for-next-week-price-analysis/">Avalanche (AVAX)</a> has now risen above the level while trading at $36 at press time. According to CoinMarketCap, AVAX was able to rise past the level after a 4.63% <a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="nofollow">increase</a> in the last seven days. 
But the cryptocurrency, ranked number 9 in market value had a much better performance last year. In 2023, AVAX became one of the tokens with Decentralized Finance (DeFi) fundamentals that performed well. At one point, the price got close to hitting $50 but was pegged back as market participants decided to book profits.&nbsp; 
Meanwhile, the 4-hour chart showed that bulls were making attempts to drive AVAX past $40. In summary, this attempt could be foiled by rejection at $36.75. This was because, on two separate occasions, AVAX’ uptrend had been rejected at this zone. 
<h2 class="wp-block-heading" id="h-avax-targets-40">AVAX Targets $40</h2> 
The first time it happened was January 30 after which AVAX fell to $32. The second time was on February 2 which le…
The post <a href="https://coinedition.com/avax-eyes-a-return-above-40-is-the-token-undervalued/">AVAX Eyes a Return Above $40: Is the Token Undervalued?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

AVAX Eyes a Return Above $40: Is the Token Undervalued?

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