다이사이 카지노사이트, 카지노, 바카라사이트

Sebastian Villafuerte — Sun, 22 Sep 2024 14:00:17 +0000

Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move.

Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAX’s price. This would likely push AVAX into a new uptrend, potentially leading to fresh highs and even a 50% surge for the token. However, if Avalanche fails to break through this level, it risks a pullback that could see prices retest previous support levels.

Analysts are highlighting this moment as crucial for determining AVAX’s market direction, as broader crypto sentiment has turned more bullish following the Federal Reserve’s recent decision. With increasing trading volume and investor interest, the next few days will be key in establishing whether Avalanche can sustain its momentum or face a short-term correction.

Avalanche Testing Key Supply Levels

Avalanche has been one of the top-performing altcoins in recent days, showing impressive strength amid a broader market surge. This recent momentum could be just the beginning of a more significant move for AVAX, as analysts and investors are projecting even larger gains if the token continues to break through key supply levels.

One of the most respected figures in the crypto space, Carl Runefelt, shared a bullish technical analysis of Avalanche on X, stating that AVAX has broken out of a falling wedge pattern, a classic indicator of bullish price action.

According to his analysis, AVAX successfully retested the wedge and is now targeting medium-term price levels. Runefelt’s price targets for AVAX are $28, $33, $41.30, and $54, each representing crucial supply zones that the token needs to surpass to continue its upward trajectory. If AVAX hits $41.30, it will reflect a 50% surge from its current price, marking significant progress. Currently, Avalanche has formed a new high, confirming its strength. While the price may consolidate before making its next move, many investors believe that this consolidation could be a stepping stone toward a larger surge. With broader market sentiment turning positive after the recent Federal Reserve interest rate cut, AVAX is well-positioned to continue climbing, especially as more investors look to capitalize on its strong technical setup. If AVAX can maintain this momentum, it could potentially lead to significant gains in the medium term.

Price Levels To Watch

AVAX is currently trading at $27.39 after testing the daily 200 exponential moving average (EMA) at $28.66. The token has experienced an impressive 40% surge since early September, pushing it closer to crucial supply levels that will likely shape the price action in the coming weeks. For bulls to maintain momentum and extend the rally, AVAX needs to break through the $28 resistance and reclaim the 1D 200 EMA as support. Doing so would signal a more sustained uptrend and position AVAX for further gains. However, if the price struggles to hold above the $25 mark, a deeper correction could follow, bringing short-term bearish pressure. Despite this risk, there remains a possibility for AVAX to consolidate between $25 and $28, giving the token room to gather strength for a more significant surge in the near future. Investors are closely watching these levels as the market seeks direction.

Featured image from Dall-E, chart from TradingView

사설토토；【토토사이트】스포츠토토

Sebastian Villafuerte — Sun, 15 Sep 2024 05:00:57 +0000

Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead. Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure.

However, this volatility could also lead to downside risks if key support levels are lost. The next few days will be crucial in determining whether AVAX can capitalize on the market momentum or face more turbulence.

Avalanche Change Of Trend Will Lead To Higher Prices

The market is at a turning point, as previously fearful investors are starting to feel encouraged by recent price action. Avalanche (AVAX) has surged by 25% from its local lows since September 6 and is now trading at a key level that could determine its price direction for the coming months.

This crucial level has caught the attention of analysts and investors alike, particularly one prominent analyst, Daan, who shared his technical insights on X.

In his analysis, Daan points out a well-defined bearish channel that has held AVAX in a downtrend for several months. However, AVAX is now attempting to break out of this descending channel, a move that could signal the end of its bearish phase. If AVAX successfully breaks the $25 resistance level, Daan predicts the price could quickly move toward $28. This break would represent a significant shift in the short- to mid-term trend, potentially flipping market sentiment and setting the stage for more upside. A successful breakout would likely ignite a fresh wave of buying pressure, with analysts projecting an aggressive rally toward $30 or higher in the coming weeks. The next few days will be crucial, and any failure to break resistance could see AVAX fall back into the bearish channel, retesting lower support levels.

AVAX Price Action: Key Levels To Watch

AVAX is trading at $25.04 after a 4-hour uptrend, marked by higher highs and higher lows. This positive movement followed a break past the 4-hour 200 exponential moving average (EMA), which AVAX successfully tested as support last Thursday, signaling short-term strength. This move has encouraged bullish sentiment among traders. The following key challenge for AVAX is to break through the $28 resistance level. Doing so would confirm a more significant uptrend and signal a change in structure on higher timeframes, potentially setting the stage for even higher prices in the coming weeks. However, if AVAX fails to maintain its position above the 4-hour 200 EMA, currently at $23.5, the price could experience volatility or a deeper correction, with lower demand levels likely being tested.