Avalanche Price Bounces 14% as AVAX Bears Hibernate: Is Trend Shifting?

Avalanche, a layer 1 blockchain, has seen a dynamic performance recently, signaling an ascending trend. Over the past few days, the Avalanche price has faced strong selling pressure as market conditions fluctuated, with mounting pressure from bears that initially drove prices downward. However, recently, there has been a significant rebound, as most data points towards a bullish trend in investor sentiment.