Avalanche Coin Price Analysis: AVAX Technical Chart Hints V-Shaped Price Recovery

The overall trend for the AVAX coin is still bullish, where the recent correction phase in its price has found good support from the $78 mark. Moreover, this impressive price recovery in the last few days could be triggered by a flood of positive news like Circle launching its stable coin USD Coin (USDC) on Avalanche. In addition, A report by Nasdaq mentioned Bank of America analysts calling Avalanche a viable alternative to the leading smart contract platform Ethereum.