The avalanche (Avax) kicked off 2023 with a mass killer, rising nearly 55 per cent in the first two weeks. Now, the combination of technical and fundamental indicators suggests that tokens will continue to bounce back to March.

The price of Avax has been raised

Since May 2022, the Avax/ dollar pair seems to have been in a falling wedge shape, and at this stage it has entered the innovation stage of this shape.

When prices fall within the range defined by two aggregated downward trend lines, there will be a falling contract. When the price increases its section to the upward direction, the way will fade. As a technical index analysis standard, the price can rise to the distance between its left and right moving average at most.

Using Avax's falling wedge theory, the innovative share price of tokens is expected to be around $34, up 115% from total demand at this stage.

Avalanche team collaborates with Amazon

Avax's cheerful setting came at a time when the real estate developer of Ava Labs-- Avalanche Internet became the official blockchain technology solution company for Amazon platform Internet Services (AWS).

It is worth noting that the enterprise will implement feature functions to make it easier for developers to operate avalanche join points based on AWS Marketplace. In addition, developers can create an avalanche subnet mask with just two clicks.

In the extreme, this partnership will enhance the avalanche effect between the company and the local area, which in turn may increase the need for Avax tokens. This market outlook has helped avalanche tokens rise by nearly 30 per cent over a 24-hour change.

Macroeconomic policies enhance the prospect of a rising market

The wedge structure of Avax's rise and fall comes at a time when the macroeconomic fundamentals of riskier assets have improved, which is likely to benefit access to the password market in the coming months.

Economists are well prepared for a drop in the U. S. customer Price Index (CPI), according to a survey by Bloomberg News. Ideally, falling inflation is likely to stop raising interest rates at the Fed meeting, leaving investors with extra cash to invest in riskier sales.

The next CPI report will be released on January 12th. JPMorgan estimates that if inflation is 6.4% in December, there is a 20% chance that the s & p 500 index will rise by 3-3.5%. If the inflation reading is in the range of 6.4-6.5%, the index may rise by 1.5-2%, and the probability of these problems is 65%.

As a result, because of lower inflation readings, the Avax/ dollar is likely to rise along with the US benchmark index, at least until the Federal Reserve meeting on January 31st.

Downward pressure still exists.

In addition, Avax showed signs of hesitation around $15.75, which was also the strong pressure level supporting the trading period from June to November 2022.

If the gold price cannot be firmly closed above the relevant resistance line, the probability of adjustment to the next support level around $10.50 will increase. Specifically, this level is the same as the level of strong support at the meeting from June to July 2021.

In other words, Avax could fall by 35% from total demand at this stage, a measure that could invalidate the falling wedge structure completely.