Identifying whether the ‘Bitstamp effect’ did the trick for AVAX’s price
ambcrypto.comAvalanche, one of the fastest-growing blockchains in the DeFi world, has cemented itself as a leader in this space. Ergo, its equally rapid adoption isn’t really surprising.
However, due to prevalent market conditions, the investor’s current reaction towards Avalanche does happen to be concerning.
Today, Bitstamp added Avalanche to the exchange along with WTBC. Alas, surprisingly, AVAX did not react as it was expected to. Although the wicks did touch a high of $76 over the last 24 hours, it was back trading at $72 at press time.
While the critical support of $69.5 continues to be tested, AVAX, over the long term, is stuck within a downtrend wedge. This might keep AVAX consolidated under $80 until the end of March unless the altcoin can breach out of it.
<p lang=«en» dir=«ltr» xml:lang=«en»>We’re adding two tokens this week Read more on ambcrypto.com
