Resurgence Above $20: AVAX price trends resurface above the crucial $20 mark following market recovery from the Binance news.
Intraday Jump to $21.15: AVAX experiences a significant intraday jump of nearly 10%, approaching $21.15.
Diluting Bearish Sentiments: The Avalanche price trend is diluting previous bearish sentiments, continuing its prevailing uptrend.
Shaking Off Negative Impact: AVAX, along with other altcoins, is shaking off the negative impact of the Binance case.
Strong Uptrend Prediction: Following a golden crossover and sustenance above $20, AVAX is predicted to maintain a strong uptrend.
Market Cap Loss and Recovery: Avalanche experienced a 17.5% market cap loss, dropping from $22.85 to $19, but has since regained momentum.
Trading Volume Support: The spike in trading volume supported the quick recovery following the initial pullback.
Current Trading Price: AVAX is trading at $20.96, showing intraday growth of 0.50%, with strong crowd support evident in trading volume.
Volatility and Investor Doubt: Increased market volatility leads to some investor doubt regarding the recovery phase.
Technical Indicators - RSI: The RSI bounces back towards the overbought boundary but shows a bearish divergence, indicating potential consolidation.
Sustainability Above $20: AVAX shows signs of sustaining above $20 but faces challenges in leading the uptrend beyond $21.15.
Potential Risks and Downside: A new supply wave could break the $20 level, potentially plunging AVAX to $18.
Intraday Jump to $21.15: AVAX experiences a significant intraday jump of nearly 10%, approaching $21.15.
Diluting Bearish Sentiments: The Avalanche price trend is diluting previous bearish sentiments, continuing its prevailing uptrend.
Shaking Off Negative Impact: AVAX, along with other altcoins, is shaking off the negative impact of the Binance case.
Strong Uptrend Prediction: Following a golden crossover and sustenance above $20, AVAX is predicted to maintain a strong uptrend.
Market Cap Loss and Recovery: Avalanche experienced a 17.5% market cap loss, dropping from $22.85 to $19, but has since regained momentum.
Trading Volume Support: The spike in trading volume supported the quick recovery following the initial pullback.
Current Trading Price: AVAX is trading at $20.96, showing intraday growth of 0.50%, with strong crowd support evident in trading volume.
Volatility and Investor Doubt: Increased market volatility leads to some investor doubt regarding the recovery phase.
Technical Indicators - RSI: The RSI bounces back towards the overbought boundary but shows a bearish divergence, indicating potential consolidation.
Sustainability Above $20: AVAX shows signs of sustaining above $20 but faces challenges in leading the uptrend beyond $21.15.
Potential Risks and Downside: A new supply wave could break the $20 level, potentially plunging AVAX to $18.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.