AVAX has also continued to rise since September 7. This allowed the market to form a historical high of $79.8 on September 23.

? However, this high is right around the Fibo level of 1.61 of the last decline. In addition, RSI and MACD indicators are giving signals of bearish divergence.

? Thus, despite the renewal of the record high, the token was in the potential area of the beginning of the bounce.