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Avalanche (AVAX) Surges 3.4% as CoinDesk 20 Index Rallies—Here’s Why Traders Are Paying Attention
Avalanche (AVAX) Surges 3.4% as CoinDesk 20 Index Rallies—Here’s Why Traders Are Paying Attention
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Avalanche (AVAX) just outpaced the broader market with a 3.4% gain—while the CoinDesk 20 Index climbed higher. Is this the start of a bigger breakout, or just another dead-cat bounce in crypto’s endless rollercoaster?
The AVAX Momentum Play
No fancy narratives—just price action. Traders are piling into AVAX as the index shakes off bearish sentiment (for now).
The Bigger Picture
Let’s not pretend this is ‘fundamentals.’ It’s crypto—where ‘technical analysis’ often means ‘guessing which whale pumps next.’ But hey, 3.4% beats your bank’s ‘high-yield’ savings account.
Leaders: AVAX (+3.4%) and ADA (+3.4%).
Laggards: ICP (-1.0%) and LINK (-0.7%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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