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AVAX Price Prediction: The ongoing recovery rally in the AVAX coin price took a major halt at the $18 resistance zone. Within a fortnight, the coin rechallenged the aforementioned resistances several times, but the result ended with a high price rejection attached to the daily candles. These rejection candles indicate the traders are aggressively selling at bullish rallies, increasing the likeliness of a downtrend resumption.
Клучните точки:
- A cluster of candles between $18 and $16 indicates indecisiveness among market participants.
- A bullish breakout from $18 will signal the continuation of the prior recovery rally.
- Обемот на тргување во текот на денот во монетата Лавина е 100.5 милиони долари, што укажува на загуба од 50.4%.
Извор- Tradingview
Over the past six days, the AVAX price has turned sideways and wobbled between the $18 and $16 levels. This consolidation accentuates the current FUD surrounding market crypto, limiting growth potential in the majority of major cryptocurrencies. By the press time, the AVAX price trades at the $16.84 mark with an intraday gain of $0.42%.
If the ongoing uncertainty in the market continues, the AVAX price will prolong the range-bound movement, and the buyers will get an additional opportunity to challenge at $18. A daily candle closing above $18 will release the trapped bullish momentum and surge the price by 10% to hit $19.7.
Прочитајте исто така: Топ 6 платформи за течни обложување на Ethereum
On a contrary note, a breakdown below $16 will increase the possibility of downtrend resumption and may plunge the prices to $15.4, followed by $14.
Технички индикатори
Болнгер бенд: the coin price wobbling between the midline and upper band of the Bollinger band indicator suggests the buyers have the upper hand to control future pride movement.
УПН: The daily RSI slope wavering near the midline indicates a neutral sentiment among market participants.
Лавина цена на монетите во текот на денот нивоа-
- Точка стапка: 16.5 долари
- Тренд: мечка
- Нестабилност: Средна
- Ниво на отпорност: 17.5 и 19.1 долари
- Нивоа на поддршка: 16.5 $ и $14.4
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Source: https://coingape.com/markets/avax-price-prediction-increasing-supply-at-key-resistance-puts-avalanche-coin-on-15-downside-risk/