• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Market

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Avalanche (AVAX) price is among the few altcoins that have dropped sharply Avalanche (AVAX) price is among the few altcoins that have dropped sharply
Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins displaying indications of falling even further following the recovery.

What tends to make it even a lot more tricky for altcoins is that even AVAX traders are not expecting a bull run.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Bitcoin price rose steadily above resistance at $70,000

Bitcoin cost increases steadily past resistance of 70,000 USD – Bitcoin News 2024

April 8, 2024

At the time of creating, Avalanche&#39s price tag is trading beneath $forty, soon after a slight correction and recovery more than the previous couple of days. Although hopes of even further price tag increases appeared in the market place, but Not so in the situation of AVAX so .

This is since this altcoin is seeing its very first Death Cross in nearly a yr. Death Cross takes place when the brief-phrase 50-day Exponential Moving Average (EMA) crosses beneath the extended-phrase 200-day EMA, signaling a possible downtrend.

Source: TradingViewSource: TradingView
Source: TradingView

It suggests bearish sentiment and is normally thought of a substantial promote signal by traders. This is even further confirmed by investor psychology, which is not quite optimistic at the existing time.

Bearish-weighted sentiment more than the previous month hit a two-month reduced due to sudden price tag declines. Shortage optimism of AVAX holders also tends to cut down costs.

This could be the situation with Avalanche price tag as the altcoin targets $27

AVAX Price Prediction: More downtrend coming quickly

Avalanche&#39s trading price tag at $37 is set to return testing the $33 assistance degree, which did not break throughout the latest correction. Loss of this assistance, mixed with bearish market place signals, would result in the price tag to drop to $29.

The typical directional index (ADX) also demonstrates bearish success for altcoins. A studying over the 25. threshold is normally a indicator that the lively trend is gaining power, which is a downtrend in the situation of AVAX.

However, if the broader market place signals flip bullish and as a substitute of a downtrend, the uptrend strengthens then AVAX could recover. A breach of the $44 resistance would invalidate the bearish thesis, which could result in altcoins boost even larger.

General Bitcoin News

[ad_2]

Tags: altcoinsAmongAvalancheAvalanche priceAVAXBitcoindroppedNewsPricesharply
Share76Tweet48

Related Posts

Top 3 prominent AI cryptocurrencies in the week of January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (BUZZ), BOTIFY and Freya (FREYA) are the top AI coins this week. BUZZ is up 58% in the...

Top 3 cryptocurrencies AI stand out in January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (Buzz), Botify and Freya (Freya) are the top AI currencies this week. Buzz has increased by 58% in...

The crook attacks the former Brazilian TT account to promote the cryptocurrency

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

The crook attacks the former Brazilian TT account to promote cryptocurrencies

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

Solana price increased by 21%, surpassing Sony in market capitalization

by Kishu Inu
January 24, 2025
0

Solana price (SOL) has increased by 8% in the past 24 hours and 21% in the past week, with market...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Backpack Exchange Launches SOL Lending Feature with 12.24% APY
  • Michael Saylor Declares Bitcoin Under $200k Valuation Opportunity
  • Trump and UK Announce New Trade Framework Agreement
  • Bitcoin Surges as Institutional Investment Increases
  • Coinbase Supports Space and Time on Ethereum
  • Arizona, Oregon, New Hampshire Enact Bitcoin Reserve Legislation
  • Trump Criticizes Fed’s Powell Over Interest Rates Decision
  • Bitcoin Nears $100K Amid Growing Institutional Interest
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7