TL;DR Breakdown Avalanche price analysis shows a bearish momentum.Resistance is found at $67.7.Strong support is found at $51. The Avalanche price analysis for today is bearish. The AVAX/USD Hit another record high yesterday when the AVAX bulls took the price from $57 to $67 of an all-time high in a swift move, gaining around 18 percent value in a single day. Today AVAX is correcting again and is trading hands at $63 at the time of writing. After getting resistance at $67, AVAX is on the decline from the start of the day as bears plunge the price down continuously hour after hour. Last week proved surprisingly rewarding for the AVAX/USD pair when AVAX gained new heights except for a few corrections. Overall, AVAX gained a value of another 50 percent over the entire last week. Generally, the entire month of September proved fruitful for the crypto asset as it saw a substantial gain in value. The rise in the price of the AVAX/USD pair started after mid-June 2021, which still is on the way. AVAX/USD 1-day price chart: AVAX breaks below $60 The 24 hours Avalanche price analysis shows a decline in price today after two continuous days of bulls rally when the price spiked to an all-time high. The volatility has been increasing extensively since 15th September. Selling pressure is also increasing as traders book profits from the start of the trading session. AVAX/USD 1-day price chart. Source: Tradingview The Bollinger bands ar...
