Avalanche Price Remains Positive But Could Experience Bearish Pull At This Level
Avalanche price has depicted positive movement over the last 24 hours. Over the past 24 hours, the coin has appreciated by 3%. In the last week, AVAX shot up in double digits, which helped the coin break its sideways trading. The bulls now have control of the coin, but the altcoin is expected to break past a few trading levels to ensure that the bullish momentum continues on the chart. The technical outlook was also on the side of the bulls because Avalanche had gained buyers ever since it started to move up on its chart. The demand for the altcoin has also helped AVAX to slowly climb....
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Avalanche (AVAX) has pushed forward with its its ascent, despite market obstacles and negative circumstances over the past few weeks. Analysis of the Avalanche price reveals a bearish trend AVAX market sentiment remains bullish AVAX/USD trading at $20.57 as of this writing Due to the unfavorable market conditions, its market cap dropped by almost $2 billion over the last two weeks, but it is now trying to recover. At the time of writing, Avalanche’s market cap – at $5.8 billion – was below its monthly high but above its monthly low. But with the market still trying to....
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....
Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a "bear pennant" structure.Avalanche could get buried technicals Bear pennants are bearish continuation patterns, i.e., they resolve after the price breaks out of them to the downside and then—as a rule of technical analysis—falls by as much as the height of the previous downtrend, also called "flagpole."AVAX is nearing a technical breakdown as its price moves toward the....
Avalanche price has shown bullish strength over the last 24 hours. It has been one of the few altcoins that have remained positive despite most altcoins losing value over the past day. In the past day alone, the altcoin has appreciated by close to 4%. In the last week, AVAX rallied over 16%. It is important that Avalanche continues to race upward for positive price action to remain in the market. The technical outlook for the coin showed that bulls were in complete control of the asset. Demand for the coin jumped north and buying strength kept registering northbound movement on the chart.....
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....