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If AVAX goes past $100, it will hold that price level for…
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The past few hours have been pretty intriguing for Avalanche. While large-cap coins like BTC and ETH pumped by under 1%, this alt went on to register double-digit gains in just 24 hours.
In a first, AVAX also managed to cross the $99.9 mark a few hours back. Even so, it had fallen back to $97, at the time of writing. Such oscillations are quite common and it is just a matter of time before the $100-mark is breached.
However, the question of importance right now is this – Will AVAX be able to sustain its high valuation over time?
Well, AVAX’s recent surge has been devoid of volumes. In the past, whenever AVAX’s rallies haven’t been accompanied by high volumes, they’ve seldom been able to sustain themselves for long.
According to data from
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