AVAX, a cryptocurrency, has been making impressive gains this year and shows no signs of slowing down. It has reached key support levels at $31 and has recently recovered from a market crash. The price has surged by 50% in the past week, bringing it close to the key resistance level of $41.

The momentum for AVAX is currently bullish, and there is a strong interest from buyers at these levels. The cryptocurrency has seen unprecedented volume in November and December, which has contributed to its rally and has placed it among the top 10 coins by market capitalization.

If the current resistance level of $41 falls, AVAX could quickly rise to $55. This would bring it one step closer to reaching a three-digit valuation by 2024.