Avalanche (AVAX) price has experienced a significant increase today, reversing a previous 15% drop. There are several factors contributing to this upward movement. Firstly, Coinbase has announced the launch of Avalanche Futures contracts on its platform, which has attracted buyers to the market. As a result, AVAX prices have rallied, leading to the liquidation of short positions. Additionally, the rising network statistics of top dapps on the Avalanche network, such as TraderJoe, have contributed to the increased interest and trust in the Avalanche network. The emergence of GameFi within the ecosystem has also played a role in AVAX’s adoption. Furthermore, a bullish technical pattern called the ‘Falling Wedge’ has formed, indicating a potential reversal of the current downtrend. The AVAX token price has attempted to break out above key resistance levels, with the potential for further rallies if these levels are surpassed. However, it is important to note that the RSI for AVAX is currently overbought, suggesting that a trend reversal or corrective price pullback may occur. Overall, the combination of these factors has led to the recent increase in AVAX price.