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6933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/623215.html
相关文章
Crypto exchange Bybit reveals reserve wallet addresses
An emerging bullish pattern could push AVAX past $98Bybit’s largest asset wallet holdings total $1.9 billion, according to details from blockchain...
阅读更多
Web3 Platform Angelo Prepares to Reimagine Physical Art Collection
An emerging bullish pattern could push AVAX past $98London, United Kingdom, 16th November, 2022, ChainwireAngelo, an investment platform tying physical...
阅读更多
Fed Chair doesn’t want to ban cryptocurrencies
An emerging bullish pattern could push AVAX past $98China has taken a tough stance on cryptocurrencies in recent years but not every country is looking...
阅读更多
热门文章
最新文章
Jump Crypto replenishes 120k ETH to cover Wormhole exploit
US House of Representatives to vote on $1 trillion bill
Senator Ted Cruz: Use waste natural gas to mine Bitcoin
Toncoin (TON/USD) is on the verge of a breakout
Allbridge announces integration with Tezos to provide cross
YouTube is looking to dip its feet in the NFT sea