您现在的位置是:An emerging bullish pattern could push AVAX past $98 >>正文
An emerging bullish pattern could push AVAX past $98
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛82人已围观
简介After hitting all-time highs in the middle of December last year, Avalanche (AVAX)has been on a down...
After hitting all-time highs in the middle of December last year, Avalanche (AVAX)has been on a downtrend. The coin went from trading at $127 during its December highs to around $80. But we are starting to see some bullish patterns emerge that could push AVAX towards triple digits. Here are some notable highlights:
AVAX is emerging from the market-wide crypto correction. It was trading at $85.61 at press time, up about 2.3% in 24 hours.
The altcoin is nearly 30% down from its Mid-December highs, giving dip buyers the chance to swoop in.
The token still needs to break overhead resistance of around $91.94 to have any chance of surging past $100.
Data Source” Tradingview.com
Avalanche (AVAX) – Price prediction and analysis
It’s very difficult to predict the crypto market right now. We have seen market-wide volatility and waning sentiment overall. But despite this, there are some good indicators forming for AVAX.
First, it seems like the token has finally managed to weather the storm of the last 7-day crypto correction. Although it’s still down nearly 30% from December highs, the coin is showing signs of recovery and resilience, surging over 2.4% in 24-hour intraday trading. Nonetheless, the RSI shows some bearish divergence. This indicates that a trend reversal is near, but downside risks still remain.
Avalanche (AVAX) has also reported some major additions to its ecosystem. In fact, Pollen, one of the main DeFi projects on Avalanche, announced the launch of its native token PLN on AscendEX, one of the leading global crypto exchanges.
Should you buy Avalanche (AVAX)?
Yes, Avalanche is a good buy for long-term crypto investing. For short-term plays, a bullish uptrend appears imminent. So, if you’d like to ride the recovery from the January correction, then it’s the perfect time to get into AVAX. However, be aware of significant downside risks.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/5151.html
相关文章
Where to buy AngrySquid, the token that gained 1,129%
An emerging bullish pattern could push AVAX past $98It may be worth a thousandth of a cent now, but Angry Squid shows great promise. The token was inspi...
阅读更多
Best places to buy LUNA, a steadily growing cryptocurrency
An emerging bullish pattern could push AVAX past $98Terra (LUNA) combines the censorship-resistance of Bitcoin with the price stability and wide adoptio...
阅读更多
Analyst says Shiba Inu won't reach $1 due to current market trends
An emerging bullish pattern could push AVAX past $98Shiba Inu would require a market cap of 1 Quadrillion USD if it were to reach $1, the analyst saysHe...
阅读更多
热门文章
最新文章
Litecoin vs Bitcoin Cash – Which is the better buy?
IMF tells El Salvador to renege Bitcoin's status as legal tender
Where to buy Safemoon, which allows holders to earn up to 80% APY
Volt Inu (VOLT) tanks by nearly 35% barely hours after listing on Hotbit
KPMG in Canada buys Bitcoin and Ethereum, prices rally
Loopring vs. Polygon: which one is a better buy?