Avanlanche -Blockchain with very quick transaction Finality

Avalanche is a high-performance, scalable, customization, and secure blockchain platform. Avalanche comprises three blockchain

X-Chain- serves as the default asset blockchain on the Avalanche platform. It is used for sending and receiving funds, not used for DeFi platforms. It uses the Snowman consensus protocol. Snowman is a blockchain-optimized consensus protocol–high-throughput, totally ordered, and great for smart contracts.

Contract-chain (C-chain)- It is used for DeFi and smart contracts dApps. The C-chain is specifically designed for running smart contracts that are compatible with Ethereum.

Platform chain(P- Chain)- It helps coordinate validators and staking and keeps track of active subnets.  It also uses the Snowman consensus protocol.

Main features of Avalanche-

Current TPS- 4500

Blocktime-<2 seconds

Number of validators- 1619

Time to finality -0.15 seconds

AVAXUSD prices surged more than 335% from Oct low on positive developments.  AVAX has allocated nearly $275 million to reward validators and Jacob Canfiled's bullish prediction about Avalanche supports the price at lower levels. It hit a high of $42.93 at the time of writing nd currently trading around $40.32. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $45, any indicative breach above will take the pair to $50/$56/$70.On the lower side, immediate support is $32, and any violation below targets $27/$18.80.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $32-33 with SL around $21 for TP of $69.