300% Rally in Two Months: AVAX (Avalanche) displays an impressive 300% bullish rally in the last two months.
Struggle to Surpass $40: Despite the strong rally, AVAX faces challenges in crossing the $40 mark, hinting at a potential reversal.
Potential to Reach $56: If sellers lose dominance at $40, AVAX could potentially climb to $56.
Influence of Bitcoin's Bearish Mode: A bearish turn in Bitcoin impacts altcoins, including AVAX, which fails to surpass $40.
4.92% Pullback on Monday: AVAX experiences a 4.92% pullback, with a long-tail formation suggesting a possible bullish comeback.
Ending Consolidation in Weekly Timeframe: A significant rise in buying pressure ends the consolidation phase for AVAX.
Support from Avalanche Ecosystem: Growing network strength of the Avalanche ecosystem bolsters the AVAX price.
Current Trading Price: AVAX is currently trading at $35.23.
Technical Indicators - MACD: The MACD in the weekly chart shows a bullish divergence, supporting a continued uptrend.
Market Recovery's Impact on AVAX: Any market health improvement could spur a bull run in AVAX beyond $40.
Risk of Retesting $30: An increase in supply or bearish market trends could lead AVAX to retest the $30 level.
Struggle to Surpass $40: Despite the strong rally, AVAX faces challenges in crossing the $40 mark, hinting at a potential reversal.
Potential to Reach $56: If sellers lose dominance at $40, AVAX could potentially climb to $56.
Influence of Bitcoin's Bearish Mode: A bearish turn in Bitcoin impacts altcoins, including AVAX, which fails to surpass $40.
4.92% Pullback on Monday: AVAX experiences a 4.92% pullback, with a long-tail formation suggesting a possible bullish comeback.
Ending Consolidation in Weekly Timeframe: A significant rise in buying pressure ends the consolidation phase for AVAX.
Support from Avalanche Ecosystem: Growing network strength of the Avalanche ecosystem bolsters the AVAX price.
Current Trading Price: AVAX is currently trading at $35.23.
Technical Indicators - MACD: The MACD in the weekly chart shows a bullish divergence, supporting a continued uptrend.
Market Recovery's Impact on AVAX: Any market health improvement could spur a bull run in AVAX beyond $40.
Risk of Retesting $30: An increase in supply or bearish market trends could lead AVAX to retest the $30 level.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.