Avalanche nears key breakdown level that could sink AVAX price by another 65%
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....
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Avalanche rallied on Wednesday, as the token broke out of a key resistance level on its way towards a multi-month high. Crypto markets mostly rallied as the session progressed, following the release of the latest U.S. inflation numbers. Ethereum classic was one such token, as it moved closer to $40. Avalanche (AVAX) Avalanche (AVAX) was a big mover on Wednesday, as the token moved closer to its highest level since May. Following a low of $26.71 on Tuesday, AVAX/USD surged to an intraday peak of $30.00 earlier in today’s session. The move sees AVAX near Monday’s peak of....
Avalanche (AVAX) price breaches an uptrend lingering in the ascending parallel channel for two months now. AVAX price dips below the ascending channel, breaching an uptrend for two months Avalanche price slides further down to $25 Price tagged in the buy zone but lacks impetus to maintain the ascending parallel channel Even though AVAX was able to break above $30, the coin wasn’t able to fill in the cracks to $40. At first, support seen at $28 controlled the bears’ grasp on the price but AVAX price retraced at $26.22 and is in danger of plunging further down to $25....
Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher. Avalanche (AVAX) Avalanche (AVAX) was one of Saturday’s notable gainers, as prices moved close to a two-month high. Following a low of $23.98 on Friday, AVAX/USD surged to a high of $25.91 to start the weekend’s session. This move sees the token move closer to its long-term ceiling of $26.00, and a two-month....
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 (AVAX) has displayed recovery on its chart. Over the last 24 hours, the altcoin brought home 4.8% gain. Although, there has been a considerable daily gain, AVAX is trading underneath its long-standing price floor. It is difficult for investors to look at just the daily gain as a good enough reason to buy the coin at the moment. Technical for the coin hasn’t suggested strong bullishness which might suggest that AVAX could be a good buy at the time of writing. Avalanche (AVAX) has lost 8% of its market value in the last week. This forced many investors to liquidate the asset....