•AVAX/USD is currently priced at $30.29 and has increased by 4.18% over the past day
•İşlem hacimleri son bir günde %23.46 azaldı
•Teknik göstergeler yakın dönem için şahin bir görünüme işaret ediyor
Short Term View: Is this a fresh start for Avalanche Coin?
The Avalanche price today is $30.29 USD with a 24-hour trading volume of $867,340,782 USD. AVAX is up 4.18% in the last 24 hours. The trading volumes have increased over the past day whereas the Volume to Market Cap Ratio stands at 0.1064 for the altcoin.
After a solid hammering, Avalanche Coin came back with decent gains on Friday amid volatility in the markets. The momentum is however, still on the side of the bears as the price are still transacting below the 20,50 SMA on the four hour chart. A four hour close above the $34 resistance level is ideal for the bulls in order to stake a claim for themselves. However, if AVAX loses the recent low or the coin is rejected by the resistance level, it will continue the sell off. This could lead to the asset tumbling down towards the support level placed at $25.
Long Term View for AVAX
The technical indicators suggest that the altcoin is entering a period of consolidation as despite some gains in the past few hours, the RSI indicator is still transacting in the oversold territory and is placed at 29.71. The histograms on the daily MACD chart are red but are decreasing in size on the daily chart. This could kickstart an uptrend for Avalanche Coin, with the development of a bullish crossover on the daily chart.
Sonuç
Avalanche Coin has been stuck in a downturn since November when it reached its all time high. The bulls still need to do some work before we see a reversal confirmation.
Destek: $ 27.80- $ 25
Direniş: $ 34- $ 40
Feragatname
Yazar veya bu makalede adı geçen kişiler tarafından belirtilen görüş ve görüşler yalnızca bilgilendirme amaçlıdır ve finansal, yatırım veya diğer tavsiyeleri oluşturmaz. Kripto varlıklarına yatırım yapmak veya alım satım yapmak, finansal kayıp riskiyle birlikte gelir.
Source: https://www.thecoinrepublic.com/2022/05/20/avax-price-analysis-avalanche-coin-rises-after-witnessing-a-steep-fall-in-price/