Over the past week, Avalanche (AVAX) price has experienced a significant increase, accumulating a 21.93% growth. Despite its recent surge in value, the Relative Strength Index (RSI) remains healthy, suggesting that AVAX might grow further. Currently, 75% of AVAX holders are in a profitable position. Historical data shows that this level often serves as a critical tipping point for AVAX, indicating that the asset could be at a pivotal moment for future performance. Over the past few days, there has been a noticeable decrease in the 7-day Relative Strength Index (RSI) for AVAX, dropping from 75 to 69. Despite this decline, its price astonishingly surged from $40 to $61 within the span of a week.