AVAX Price and Sentiment Showing Signs of Further Growth

AVAX price up 8% in past week, with 75% of holders now profitable, indicating potential for further growth

Ichimoku analysis shows moderately bullish signals, with price above cloud and conversion line over base line

Strong support around $53-$55 range based on IOMAP chart, signaling investors may hold rather than sell

Resistance building around $63-$65 zone; breaking above would signal path to $70 target

Technicals currently favoring bullish sentiment, but volume still relatively low, so more confirmation needed