• AVAX was currently trading around $26.8.
• Over 71% of holders were currently holding at a profit.

The recent upward trend in Avalanche [AVAX] prices has resulted in many holders experiencing gains. Despite this increase in the percentage of holders in profit, the overall sentiment has remained positive.

Over half of Avalanche holders enter profit

Recent data from IntoTheBlock showed that over 50% of Avalanche holders held their investments at a profit. Specifically, the data showed that around 71% of holders have found themselves in a profitable position.

Also, this percentage may increase further as the price continues its upward trend.

AVAX uptrend in full steam

Avalanche has demonstrated more profitability recently than Bitcoin and other altcoins. The daily timeframe chart showed a significant increase in daily prices over the past few days.

Notably, AVAX has reached a price range not observed since around August 2022. As of this writing, it was trading at around $26.8, with a value increase of over 2%.

The current trend indicates a decoupling from the general market, suggesting a potential rise to the $30 price range soon.

The Relative Strength Index (RSI), standing at over 75 as of this writing, signals a robust bull trend. Also, it was hinting at a possible impending price correction.

As the price continue

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Author: Adewale Olarinde

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