AVAX Price Analysis: Bullish Reversal Hinges on NVT Ratio and Technical Breakouts

Avalanche (AVAX) displays signs of a potential bullish reversal, sparked by recent market movements and increased buying interest. A significant element to observe is the decline in AVAX’s Network Value to Transactions (NVT) ratio, often a bullish indicator pointing towards undervaluation. “Breaking above the Ichimoku cloud and having the MACD line cross above the signal

Source: CoinOtag