The price of Avalanche (AVAX) is currently trading between the $19 support and the $27 resistance. The downtrend has eased after bulls bought the dips at around $17.28, but the downtrend could resume if the bulls fail to sustain the uptrend above the moving average lines. AVAX has fallen below the moving averages and could fall further, potentially reaching the low of $17.28. The price action has stalled above the moving average lines, indicating a sideways movement. If AVAX loses the current support at $19, it is at risk of further losses and could fall below the $11 low. However, the analysis and forecast are personal opinions and not a recommendation to buy or sell.
- Content Editor ( coinidol.com )
- 2024-09-13
Avalanche Consolidates Above $20 But Risks A Possible Decline