Cryptopolitan
2021-09-21 05:48:51

Avalanche price analysis: We expect AVAX/USD more gains in the next 24 hours

TL;DR Breakdown Avalanche price analysis is bullish for today.AVAX/USD is currently trading at $58.5.Bulls started to push AVAX higher today again despite increasing selling pressure. The daily Avalanche price chart began the day with the sellers in control of the market. The bulls created solid support at the low end of the day’s trading five minutes later, $51. The prices rose, as a result, forming head and shoulder patterns to the intraday highs of $59, which sellers established. At this point, The sellers established a significant barrier that the bulls could not easily overcome. The strong resistance by the sellers allowed them to dominate the AVAX/USD market, resulting in steep drops. The Bollinger bands are narrow on the daily price analysis chart; this indicates a mild volatile market. AVAX/USD price faces towards the upper Bollinger band. This indicates the bull’s dominance as the market is heading towards the overbought region. Source: Coin360 The two most significant digital assets are trading in losses as the sellers control the entire cryptocurrency space leading to price dips. Bitcoin is down by -6.43 percent, while ETH has dropped by -6.21 percent. Other altcoins are also trading in the same trend, recording massive price deviation. The meme coin has recorded more than -15 percent price decline while Solan is trading at -12 percent. Despite most digital asset trading being bearish, some coins have ...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer