IntoTheBlock: There are no significant on-chain resistances near AVAX, its trend is currently influenced by market sentiment

IntoTheBlock posted on X that by the end of 2023, AVAX had soared from $9 to $44 in just two months. It is now trading at around $20 (which was previously a resistance level), and it believes there are no significant on-chain resistances nearby. The trend of AVAX is currently influenced by broader market sentiment. A wave of optimism could push it towards the key resistance level of $30, while pessimism could push it down to $16.