Avalanche price analysis points to today’s bearish direction as the coin was fixed late at night. The price fell to the $ 20 level as the bear regained its lead after the price rose at the start of today’s trading session. The price function was under pressure as the coin was modified at the end of the last trading session. The coin regained bullish momentum during the start time. However, bearish pressure has returned and prices are on a downward trend.
AVAX / USD Daily Price Chart: AVAX price drops to $ 20 as selling pressure increases
A 24-hour avalanche price analysis shows that prices rose again in the first few hours and then fell again. The AVAX / USD pair was trading at $ 20 at the time of writing as the bear leads the pricing feature, and AVAX has seen a 5.62% increase in the last 24 hours due to previous price increases. is showing. It also shows an increase of 24.37 percent over the past week. Trading volume increased 10.56%, giving AVAX 0.59% market power.
AVAX has high volatility. The Bollinger Bands have been expanded and the upper Bollinger Bands are at the $ 21.3 mark, CryptocurrencyAnd the band below is at the $ 14.9 mark, which represents the strongest support.
As the bears regained momentum and sales activity resumed, the Relative Strength Index (RSI) also began to decline, reaching index 51, suggesting sales activity in the market.
Avalanche Price Analysis: Recent Trends and Further Technical Signs
The 4-hour price chart in the Avalanche price analysis shows that the price breakout was rising at the start of the trading session, but the price function fell 4 hours ago. The bearish activity has reignited and has strengthened in the last four hours as the price has been revised to $ 20.
The moving average (MA) is $ 19.8 below the price level as prices continue to fall towards it. Volatility increases when the Bollinger Bands reach $ 20.9 at the top, $ 16.6 at the bottom, and the average Bollinger Bands at $ 18.8. The RSI trades on a sharp down curve with an index of 64, indicating selling activity in markets that fall from the overbought range to the neutral range.
Avalanche Price Analysis: Conclusion
Avalanche price analysis suggests a bearish trend. The bear successfully reversed the bullish trend and drastically lowered price levels. Selling pressure is expected to continue as support is further below, but AVAX is not expected to fall below the $ 18 range today. However, crypto trading is surprising.
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