AVAX experienced a significant recovery from the low of $.00010 on July 4th to reach highs of approximately $.0014 before dropping back down to lows around $.0008 in early September 2018, and as we are seeing now is attempting another upward push toward .001
The “avax price” is a cryptocurrency that has seen a large spike in price. It has since seen a price drop and been trading at a lower value for the last few days.
AVAX Price Analysis for the 17th of March
The Avalanche (AVAX) is starting to climb upward, indicating that the bears are losing control of the currency.
Levels of importance:
Levels of resistance: $100, $105, $110
Levels of support: $60, $55, and $50
The 9-day and 21-day moving averages are crossing over Avalanche (AVAX) as the currency approaches the daily high of $81.76. However, the currency has been attempting to cross above the moving averages in order to restart its upward momentum over the previous several days.
If the bulls put in more effort, the Avalanche price is likely to pass over the top border of the channel. As a result, if the bulls can hold the $80 level, the currency might continue to rise by trading above the channel. Any additional positive advance, on the other hand, might approach possible resistance levels of $100, $105, and $110.
However, if the bears return to the market and the market drops towards the bottom limit of the channel, which approaches the support levels of $60, $55, and $50, this technical analysis may not be correct. Furthermore, the technical indicator Relative Strength Index (14) is increasing, crossing above the 60-level, suggesting that additional positive moves are probable.
The Avalanche price is attempting to climb higher against Bitcoin as it passes over the 9-day and 21-day moving averages, with a big resistance barrier at 1954 SAT. As the market moves towards the upper boundary channel, the long-term moving averages are expected to keep the positive trend going.
Higher resistance might be seen at 2200 SAT and above if buyers could push the price over the top border of the channel. Furthermore, if the bulls fail to move it above the levels, the coin may retreat and face the channel’s lower boundary, potentially hitting the 1600 SAT support level and below, while the technical indicator Relative Strength Index (14) crosses above the 50-level, indicating that buyers are on the way.
A: There is no way to tell how high the coin will go, but for a realistic guess I would say it will at least not crash down.
A: AVAX is a cryptocurrency that has been in development since 2017. It was initially released on January 1, 2018 and it is still trading today
A: I am not a financial analyst, please do your own research on this.
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