AVAX breaks falling wedge: analysts expect rally to $60
- —Falling wedge broken on the weekly AVAX chart
- —Technical analysis targets: $10, $16, $31 and $60
- —AVAX open interest rose 13.54% to $328.78 million
- —Aave is preparing an RWA hub on Avalanche, COTI launched private transactions
Why it matters: The wedge breakout and rising derivatives activity could boost demand for AVAX, but the sustainability of the move depends on volumes and the development of RWA infrastructure.
Source: TronWeekly