AVAX's chart has become very similar to the Bitcoin's!

AVAX has gained in price over the past week in the 4-hour time frame. According to the divergences formed on the RSI indicator and the breaking of the resistance of the downward trend line, as expected, the price of Avax had good growth up to the range of $13.3. But we can clearly see a range area in the 4-hour timeframe. A resistance was considered for Awax last week in the range of $13.26-$13.45, which has seen a negative reaction, with the price closely touching this area.

Also, a support area in the range of $12.4 to $12.7 is considered on the chart, and the price is ranging between these levels. In the 1-hour time frame, the AVAX chart has become very similar to the Bitcoin chart. Therefore, considering this high correlation, we can better understand the behavior of Awax by considering the movement behavior of Bitcoin. If Bitcoin continues its upward movement, Avax could break the current resistance to the $14.8-$15 level. This resistance overlaps with the midline of the Avax descending channel, and the probability of a negative reaction at this level is high.