CandleFocus

AVAX Continues Its Slide And Returns To Its $24 Low

Author: Content Editor
The latest price analysis shows that Avalanche (AVAX) has been unable to break above the $55 resistance level. The cryptocurrency has faced two rejections at its previous high and reached a high of $60 before being pushed back. AVAX has slipped below the moving average lines and hit a low of $38, indicating a decline that could continue further. The bearish momentum will persist as AVAX trades in the downtrend zone. However, if buyers push the price above the 50-day SMA, the slide may be halted. AVAX is currently valued at $38, with key resistance levels at $60 and $70, and key support levels at $30 and $20. On the 4-hour chart, AVAX has dropped significantly and is approaching its bottom, with the bears breaking below the moving average lines. The analysis concludes with a negative crypto signal, indicating a bearish trend for AVAX. It is important for readers to conduct their own research before investing in funds.

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