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Avalanche correction risk rises after AVAX price soars 80% from January lows -Breaking

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Avalanche’s (AVAXThe recovery process was extended to its third week, in large part due to the aftermath of Similar uptrend retracementAll the most popular crypto assets

On Thursday, AVAX’s price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. After the Avalanche token, AVAX’s massive intraday rally was part of an overall recovery. The bottom was outNearly $53. As a result, AVAX’s net rebound came out to be more than 80%.

Daily price chart. Source: TradingView
Avalanche 2021’s total value is locked against competitors. TradingView
Daily price chart for AVAX/USD showing falling channels TradingView