Avalanche Price Rises Amidst Surge in Transactions but Technical Indicators Signal a Potential Correction

Avalanche (AVAX) has experienced an uptick in both price and network activity. The token gained 12% on Saturday, June 7th following two consecutive days of growth, with weekly transactions surging by over 300%. Third-party data from Nansen indicates Avalanche is the fastest growing blockchain this week due to its impressive transaction volume.