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3326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/6942.html
相关文章
NFTs are the future of streaming music
An emerging bullish pattern could push AVAX past $98At the very start of the pandemic, musicians and producers took to social media to survive, hosting...
阅读更多
Where to buy XCAD Network as XCAD approaches ATH price
An emerging bullish pattern could push AVAX past $98XCAD Network has doubled in the past 24 hours and is currently trading at $4.27 at the time of writi...
阅读更多
MANA rallied by more than 10% in the past 24 hours
An emerging bullish pattern could push AVAX past $98The metaverse coins have been rallying in recent days due to the increasing attention caused by Face...
阅读更多
热门文章
- Mystery of missing Malaysian MH370 flight could be solved in 'days'
- Rosengren claims CBDC development won’t involve blockchain
- SunZia: Record $11B fund for America's clean energy future
- Peru adds to the growing list of countries developing a CBDC
- McAfee unveils tech that fights deepfake scams, 90% accuracy
- El Salvador incentivises paying for fuel with Bitcoin
最新文章
Ethereum price outlook: ETH could extend losses below $2,900
Crypto exchage Blockchain.com facing $270M loss in 3AC loan
Ethereum L2’s to keep an eye on in July
What is Bitcoin Cash, and should you buy it now?
Mexico President dismisses Bitcoin as a currency
US House of Representatives to vote on $1 trillion bill