Claim $500Avalanche Price Nears 60% Jump Ahead of Granite Upgrade as AVAX Burn Rate Jumps
Highlights
- Avalanche price has formed a triple bottom pattern on the daily chart.
- The coin will benefit from the upcoming Granite upgrade.
- The AVAX burn rate has continued rising in the past few months.
Avalanche price crashed to a crucial support level this week as the recent crypto market plunge accelerated. AVAX was trading at $16.70 today, Nov. 7, down sharply from the October high of $36. Technicals suggest that a rebound is possible as the burn rate jumps ahead of the Granite Upgrade.
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