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Avalanche Price Analysis – Bitcoin RSS

17 MARCH 2022 | ZebPay Trade-Desk AVAX is up ~2% week on week and is up 11% over the past 24 hours. The market cap is around $21bn. The asset beat its crucial support at $65, bounced from there on, resulting in a positive shift in the RSI, indicating that the selling pressure is reducing.  […] The post Avalanche Price Analysis appeared first on ZebPay | Buy Bitcoin & Crypto.

17 MARCH 2022 | ZebPay Trade-Desk

AVAX is up ~2% week on week and is up 11% over the past 24 hours. The market cap is around $21bn. The asset beat its crucial support at $65, bounced from there on, resulting in a positive shift in the RSI, indicating that the selling pressure is reducing. 

At the time of writing AVAX is trading at $76.72..

AVAX has been trading  downtrend over the past four months. However, the asset picks up strong support and bounces from $60 – $65 levels but is struggling to break the descending trendline of the downtrend. This time too, Avax has made a ‘Spinning Top’ Candle at the support of $65 that indicates indecision in the downtrend and has started moving up. Once the breakout occurs above the descending trendline with good volumes then we can expect the asset to rally and surge up to $100 mark.

Support 2 Support 1 Asset Resistance 1 Resistance 2
$53 $65 AVAX $82 $100

Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.

The post Avalanche Price Analysis appeared first on ZebPay | Buy Bitcoin & Crypto.




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