Avalanche Looks To Capitalize On GameFi Segment – Will This Give AVAX Some Boost?

Avalanche (AVAX) peaked at $20.31 on November 6 as it gave its best to recover from the bearish trend that engulfed the broader crypto market towards the tail-end of October and the opening days the current month. However, on November 12, the cryptocurrency experienced a severe price correction that pulled it all the way down to $12.51.

Timeline of Avalanche

Avalanche price analysis suggests an upwards movement to $15.00 The closest support level lies at $13.50 AVAX faces resistance at the $14.00 mark The Avalanche price analysis shows that the price action finds resistance at the $14.00 mark and has fallen back to the $13.

Avalanche price analysis shows sideways price movement for the day as the price is recovering slowly. It appears that after dominating the market for the past week, the bulls have now overtaken the bears.

Avalanche gameFi projects are still growing at a fast pace despite market disruptions AVAX sees a return of bullish momentum albeit in low volumes Avalanche has managed to keep itself in the news ever since it came into the blockchain fold.

The Avalanche price analysis shows a bearish daily trend. The bears have taken over the market again after a bullish start observed by the coin, but now, the trend is again shifting towards the bearish side.

Today's Avalanche price analysis shows a bearish trend gaining momentum with strong bearish possibilities. AVAX/USD is currently trading at $13.3, down 6.45% in the past 24 hours, with a trading volume of $234,486,716.

AVAX's TVL continues to fall Partnerships and integrations increased over the last week  Avalanche Daily recently updated Avalanche's [AVAX] C-chain weekly status, which pointed out a few notable stats. For instance, just last week, the total number of transactions increased by over 4%.

Avalanche price analysis shows sideways price movement for the day as the price is recovering slowly. The price has been under the bearish shadow for the past 12 hours, yet today a recovery in bullish momentum is being observed.

Avalanche price analysis appears to be bearish Support for AVAX/USD is present at $14.03 The resistance for AVAX/USD is present at $17.87 The most recent Avalanche price analysis, reveals that the virtual currency has been on a downward trend, with values varying around $14.35. Resistance for the AVAX/USD pair is located around $17.

AVAX's development activity was up AVAX's market indicators pointed towards a further price plummet Avalanche, on 9 November, revealed that the first Avalanche [AVAX] bounty to create analytics for Dune Analytics was completed successfully.   The first #Avalanche bounty to create analytics for @DuneAnalytics is completed!

Avalanche [AVAX] announced a new collaboration with GMX_io for its liquidity mining incentive program called Avalanche Rush. Despite multiple attempts to generate interest in Avalanche's DeFi ecosystem, its TVL continued to decline.