Avalanche (AVAX), Matic and Celo rally while Bitcoin price pulls back
Ethereum network competitors like Avalanche, Matic and Celo are seeing substantial gains as high gas fees push users to search for cheaper alternatives. Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs.On. Feb. 10, the total crypto market capitalization hit a new high at $1.42 trillion less than a week after Tesla disclosed that it purchased $1.5 billion worth of BTC.Despite being the center of attention....
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AVAX’s price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance. AVAX’s price remains strong below the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area. The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement.....
Avalanche (AVAX) price is seen to soar by 24% or $32 within its consolidation period. A breach projected overshooting the descending parallel channel would nudge AVAX closer to its hurdle or resistance level at $25. After AVAX was able to maintain support at $22.50, a bull run is anticipated to happen. Avalanche was recently rejected at $25 due to strong selling activity which precipitated a rebound seen in the last week of July. The challenge here lies with AVAX ability to soar above the descending parallel channel to stir up a spike of 24% from along the neckline of the inverse....
AVAX’s price shows strength as it bounces from a downtrend range price rallied to a high of $18 with eyes set on $20. AVAX could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $20. AVAX’s price remains strong on the daily timeframe as the price attempts to break above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Avalanche (AVAX) has had a difficult year as the price has remained in a downward trend, but the price of AVAX may be about to change as it broke out....
Avalanche price action has remained bearish on the chart at the time of writing. AVAX has maintained the price above its support line of $22. Right after the coin surged and revisited the $24 mark, it started to retrace on its chart. This is a price correction as Avalanche price showed appreciation over the last two weeks. At the moment Avalanche is witnessing a profit booking which has caused buying strength to fade away over the last few days. Incase Avalanche price manages to push above the $25 price zone, the bullish force might gain strength. Buyers can again find their way back to....
Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance) Related Reading: Crypto Market Setting Up For “Squeeze Of Historic Proportions”, Will BTC Price Get In The Way? Avalanche (AVAX) Price Analysis On The Weekly Chart The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the....