您现在的位置是:Avalanche could drop below $10 – Here is why >>正文
Avalanche could drop below $10 – Here is why
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛874人已围观
简介Avalanche, like many major coins, has had some reprieve from the crash we saw at the start of the we...
![](https://coinjournal.net/wp-content/uploads/2022/03/1646771053017-7e850934-3d68-4bc7-b475-5488c1d8ca90.jpg)
Avalanche, like many major coins, has had some reprieve from the crash we saw at the start of the week. Although the coin is down 3% over the last 24 hours, it has managed to stabilize. However, the altcoin is not out of the woods yet; in fact, another major sell-off could be on the way. Here is what you need to know:
Low trade volumes in crypto could precipitate a liquidity challenge for AVAX
The prospects of a global recession and tight monetary policy are major risk factors.
AVAX could drop nearly 50% and bottom below $10 in the coming weeks.
Data Source: TradingView
Avalanche price analysis and prediction
At the moment, Avalanche appears to be in a consolidation phase. However, this does not mean there is likely bullish momentum. In fact, this consolidation is basically a small reprieve from the massive sell-off reported earlier in the week. We expect Avalanche to resume the downtrend owing to weakened demand in crypto and wary investors.
Also, as trade volume in the market slows, altcoins will likely face liquidity challenges. This may contribute to a major downfall in the near term. At the moment, AVAX is trading at around $16. The coin still has strong support at the $12 mark.
However, we don’t think bulls have what it takes to hold it. Instead, AVAX will slide down past $12 and settle at around $9. This will represent a 50% drop from the current price. Nonetheless, this thesis will become invalidated if AVAX reclaims $20.
Why is AVAX falling?
Well, it is a combination of many things. For instance, the overall sentiment in crypto has slowed. As such, coins like AVAX are facing major headwinds.
Also, we have not seen any major rally for AVAX this year. It turns out that 2022 is a year of corrections. As such, the coin could drop below $10 for the first time in 12 months.
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/833584.html
相关文章
5 top automotive technologies showcased at CES 2024
Avalanche could drop below $10 – Here is whyBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The CES 2...
阅读更多
GoDaddy employees targeted in crypto
Avalanche could drop below $10 – Here is whySeveral crypto exchanges with a GoDaddy domain reported unauthorised changesThe world’s larges...
阅读更多
SUI token rising as Bullshark Quest 2 event is extended until Sept. 6
Avalanche could drop below $10 – Here is whyAt press time, the SUI token was trading at $0.5775, up 8.43% in the past 24 hours.SUI has been tren...
阅读更多
热门文章
- Google Trends Data Shows Less Interest In Bitcoin And DeFi
- Meet RoboCob, Scotland's first robot stallion to train horse riders
- Ethereum's Hashrate Has Peaked At 252 TH/S
- Republic launches self
- The Federal Reserve Bank Considering CBDC to Modernise the Payment Sector
- China plans big tech move to rival Musk's Neuralink by 2025
最新文章
NASA device to trap interstellar dust, unlock cosmic secrets
Worldcoin to allow governments and businesses to use its ID
Prediction markets tokens rise as other tokens dip: Gnosis, Augur price outlook
Belarusbank launches crypto services
Shiba Inu (SHIB) price outlook after Shibarium setback
Don't use personal loans to buy crypto