AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!

Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.

Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.

November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.

As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.

Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.

The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.

Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.

Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.

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Thank you...