Here why AVAX's rally must pass THIS 'structural test' on the charts
Avalanche [AVAX] has exhibited clear bullish tendencies lately. In fact, its most recent daily swing saw the altcoin post a double-digit percentage surge in price, with over 12% gains. The rally still remains questionable in terms of sustainability though. Will the uptrend hold when viewed from the lens of the 1-month Liquidation Heatmap? Well, the chart revealed that there seemed to be limited to no upside liquidity cluster. On the contrary, there were multiple clusters with strong depth below the press time price. Source: CoinGlass Clusters measure areas of unfilled orders on the price chart. These levels often act as magnets, pulling the price towards themselves. Discover more Finance Brokerages & Day Trading FINANCE There are two scenarios likely to happen in the market. The limited to no upside liquidity cluster above the price means that AVAX could depend on momentum to surge further. On the flip side, however, the downward clusters could see the price pulled lower, causing AVAX to lose its recent gains. Liquidity clusters leave AVAXs rally vulnerable At the time of writing, clear accumulation was still ongoing for AVAX in the market. The Accumulation/Distribution Indicator (A/D) revealed that theres been massive buying as the volume-weighted purchase hit 122 million. A hike in accumulation is indicative of where investor









