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 ...
