Avalanche price holds above $12 at the time of writing on Wednesday, after rebounding from the lower boundary of its horizontal parallel channel, signaling early signs of stabilization. The launch of Avalanche spot Exchange Traded Funds by VanEck this week on Nasdaq signals improving market sentiment. In addition, supportive on-chain and derivatives data for AVAX suggest a potential recovery if bullish momentum builds.
Source: https://www.fxstreet.com/news/austria-unicredit-bank-manufacturing-pmi-fell-from-previous-493-to-472-in-january-202601280900
