Avalanche Price Analysis: AVAX breaks through $10 resistance 9.54 million AMAX tokens were unlocked in August, adding to AVAX's inflationary pressures. Although its price did not fall, its stay in the oversold zone extended and reversed at the end of September. This week it recorded gains. AVAX Price Analysis 1-Day Chart, AVAX has fallen 37.54% in the last 12 months and up 18.98% in the last 30 days. AVAX accelerated its decline in June and corrected as the market reacted to Ripple's July victory. August was a bloodbath and its decline accelerated. September's decline forced it to break below the $10 support. This month, it showed positive growth, reaching $11.88 before pulling back to a low of $8.65. This week it managed to break through $10. The positive momentum of AVAX is rising, contributing to this week's recovery. The 14-day relative strength index is 51.43. The four-hour chart highlights the AVAX price action for October. Due to a correction to several weeks' gains, the token's momentum has turned negative in the last 4 hours. RSI narrowed at 61.26. Despite the $100 million token unlock in August, leading to high inflation, AVAX's market remained stable. There was no significant change in market volume, but it faced resistance at $10. The coin recovered somewhat this month, but then fell below the key $9 support level. This week, the company's profit rose above $10. (Source: Brian Koome)

Avalanche recently announced a partnership with multi-chain NFT marketplace Hyperspace to launch an NFT incentive program that will provide millions of AVAX rewards. It is reported that users can earn points by participating in Hyperspace's innovative rewards program, which can be redeemed for AVAX in the future. Community members can earn points by registering, referring new users, and trading activity.