Can Avalanche [AVAX] climb further after this Subnet launch

The first DEX Subnet launched on the Avalanche network. AVAX’s direction was positive but it risked surpassing an overbought reversal. According to CoinMarketCap, Avalanche [AVAX] increased 14.58% in the last 24 hours but besides that, there has been notable development with the project. Noteworthy to mention was the Dexalot Subnet launch on the Avalanche ecosystem.