Avalanche, the cryptocurrency that has been struggling to break above $6.77 for months, is showing signs of life amidst cautious consolidation.
The token's price hovered near $6.66 during its latest session, reflecting a shift from aggressive selling to consolidation.
While technical indicators still favor bears, improving on-chain activity and the tokenization of over $11 billion in real-world assets by Bridgetower on Avalanche's blockchain have started to reshape the narrative.
However, buyers must overcome several resistance levels before sentiment can turn decisively positive.