AVAX is nearing a crucial support zone between $10 and $8, a level that has historically sparked rallies exceeding 1,400%. If this support holds, AVAX could potentially break out towards the $100 mark. The cryptocurrency is also testing a long-term descending trendline at $28–$30 for the fifth time, which may lead to further gains if breached.
In parallel, AVAX's ecosystem is gaining momentum through a significant partnership with Mugafi, valued at over $10 million. This collaboration aims to enhance on-chain creator rights and fan ownership in the entertainment sector, potentially increasing network activity as AVAX navigates these pivotal price levels.
AVAX Approaches Key Support Zone Amid New Partnerships
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