Avalanche
Why Avalanche is up 1.0% in the last hour
Analysis
Avalanche (AVAX) ticked up about 1.0% over the past hour as attention centered on a reported surge in on-chain activity, which can bolster near-term sentiment. AMBCrypto noted Avalanche activity spiking roughly 20x, helping support a modest bid for AVAX even as the report cautioned that downside risk could still emerge.
Contributing Factors (1)
Avalanche activity surges 20x, yet AVAX could slip below $11 – How?
AVAX sees a dramatic rise in active addresses and C-Chain momentum, suggesting potential for price stabilization.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.