Can Avalanche [AVAX] climb further after this Subnet launch

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Can Avalanche [AVAX] climb further after this Subnet launch
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The first DEX Subnet launched on the Avalanche network. AVAX’s direction was positive but it risked surpassing an overbought reversal. According to CoinMarketCap, Avalanche [AVAX] increased 14.58% in the last 24 hours but besides that, there has been notable development with the project. Noteworthy to mention was the Dexalot Subnet launch on the Avalanche ecosystem. […]

93%, making it far above other cryptocurrencies in terms of performance. But can the token climb further?Indications from the four-hour chart showed that AVAX’s volatility was approaching extreme levels as revealed by the Bollinger Bands .

But it seemed that AVAX was not ready to lay down its buying due to the signal from the Directional Movement Index . At the time of writing the positive DMI was 35.43.The opposite in red was down at 12.02. This means that AVAX had a solid prospect to continue in the green direction. Further, the Average Directional Index which measures directional strength, supported the AVAX price increment.

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