AVAX Sees Rapid Expansion as Avalanche Labs Attract Game Developers

The performance of AVAX has been really impressive ever since the year’s commencement. This exceptional performance might be attributed to the Avalanche ecosystem’s growth as a result of rising network activity. Ed Chang, the head of gaming at Ava Labs, claims that Avalanche is always the platform of choice for game creators due to its technology and support.

The District 9’s director revealed today that a Web3 game would soon be released on the Avalanche’s subnet. Recall that Avalanche recently introduced the Avaissance housing program. With regard to financial options, this new development is intended to help potential digital artists on the network. The long-term outlook for the price of AVAX should remain favorable for investors due to the rising network activity.

Key Avalanche Levels To Watch – April 5

Following the buy-side liquidity grab described above in 2023, prices experienced a massive crash into an oversold state. A falling trendline emerged during the crash as it led the price into a fair value gap that was created on January 12, 2023.

The long-term outlook of AVAX still looks bearish since the diagonal resistance is not yet broken. According to the Stochastic Oscillator, the market is heading into an overbought state. Price is likely to resume its bearish trend as it surges deeper into the premium zone.

Avalanche Key Levels

Resistance Levels: $30.867700, $22.796300, $18.661110
Support Levels: $14.609400, $12.946240, $10.577300

Total Market Capitalization: $1.20T
Avalanche Market Capitalization: $5.91B
Avalanche Volume: $0.19B
Market Rank: #16

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