Avalanche Sits On A Time Bomb As Price Eyes $10, Will Price Escape This?
11 Ottobre 2022 - 02:20PM
NEWSBTC
AVAX price continues to trend downwards as price remains bearish
with price trading on key support. AVAX trades below 50 and
200-day Exponential Moving Average as price struggles to regain
bullish signs. The price of AVAX needs to break and hold
above the key resistance of $30 to resume bullish price
movement. The price of Avalanche (AVAX) continues to struggle
to discover its bullish trend as the price fails to break the key
resistance of $30 against tether (USDT). The previous weeks saw the
crypto market cap as good as Bitcoin (BTC) prices and other crypto
assets. Still, the price of Avalanche (AVAX) continues to struggle
to join the green party as the price continues in its downtrend
movement. (Data from Binance) Related Reading: Why SHIB Price
Lost Its Bullish Energy After Shiba Eternity Games’ Release
Avalanche (AVAX) Price Analysis On The Weekly Chart. Despite
showing some great price movement in recent weeks with so many
traders and investors becoming interested in the different projects
being built on the Avalanche ecosystem, which could have been a
huge boost for the price to trend higher but that wasn’t the case
the price has struggled to trend higher than $30. After the
price of AVAX dropped to a weekly low of $15, the price rallied
from this low to a high of $30, where the price faced resistance to
breaking above this region to a height of $50 as the price was
rejected and has since maintained a bearish price movement. The
price of AVAX bounced from $18 haven faced rejection from $22, but
the price could not trend higher as the price continued to trend in
a downtrend. If the price of AVAX continues in this trend, we could
see the price retesting support area at $10. Weekly resistance for
the price of AVAX – $21. Weekly support for the price of AVAX –
$15. Price Analysis Of AVAX On The Daily (1D) Chart In the daily
timeframe, the price of AVAX continues to trade above key support
formed in recent weeks when the price dropped from a region of $45
to a daily low of $15. The price of AVAX continued in its
downtrend, moving in a range as the price has formed a descending
triangle with what looks like a break out to the upside could be
imminent. The price of AVAX needs to rally away from key support to
avoid price dropping to a low of $10 if the price breaks to the
downside of the descending triangle. The relative strength
index for the price of AVAX on the daily chart shows the price
being dominated by sell orders as the mark is below 50. Daily
resistance for the AVAX price – $18. Daily support for the AVAX
price – $15. Related Reading: TA: Bitcoin Price Slides Below Key
Support Amid Russia-Ukraine War Escalation Featured Image From The
Coin Republic, Charts From Tradingview
Grafico Azioni Avalanche (COIN:AVAXUSD)
Storico
Da Nov 2023 a Dic 2023
Grafico Azioni Avalanche (COIN:AVAXUSD)
Storico
Da Dic 2022 a Dic 2023