IntoTheBlock posted on X that AVAX surged from $9 to $44 in just two months at the end of 2023. Now trading around $20 (a level that was previously resistance), it sees no significant on-chain resistance nearby. The movement of $AVAX is currently influenced by broader market sentiment. A wave of optimism could push it towards the key resistance level of $30, while a downturn in sentiment could push it towards $16.