{"id":507274,"date":"2022-10-21T07:52:47","date_gmt":"2022-10-21T07:52:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=507274"},"modified":"2022-10-21T07:52:47","modified_gmt":"2022-10-21T07:52:47","slug":"avax-sheds-50-over-the-last-60-days","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/avax-sheds-50-over-the-last-60-days\/","title":{"rendered":"AVAX Sheds 50% Over The Last 60 Days &#8211; More Losses Ahead?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">AVAX, the native token of Avalanche blockchain network, has now lost almost 90% of its November 21, 2021 all-time high price of $144.96.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">AVAX was severely affected by buying pressure over the last two months<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The altcoin declined by almost half over the last 60 days<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Resistance range targeted by AVAX is between $18.3 and $18.5<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">According to tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, at press time, the cryptocurrency is trading at $15.07 and is seeing red in every zone of its price monitoring chart.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its intraday performance, the altcoin is down by 1.3% and has declined by 3.9% over the last seven days. AVAX has also decreased by 11.7% for the past 14 days and nearly half in the last two months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While there appears to be a breakout rally for the digital coin, there\u2019s also the possibility that its price will once again plummet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It will all depend on how well the digital asset will handle a crucial <\/span><span style=\"font-weight: 400\">resistance<\/span><span style=\"font-weight: 400\"> point that will determine whether it will go up or down over the next few days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/uniswap-coins-bullish-trajectory-sets-uni-to-breach-7-level\/\" target=\"_blank\" rel=\"noopener \">Uniswap Coin\u2019s Bullish Trajectory Sets UNI To Breach $7 Level \u2013 Time To Buy?<\/a><\/div>\n<h2><b>AVAX Tries To Recuperate From Fall<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In just two months, Avalanche\u2019s native token experienced a steep fall, declining by 49% as the asset was pummeled by excessive buying pressure.<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-507278 size-jnews-750x375\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/c1-32.png?resize=750%2C350\" alt=\"\" width=\"750\" height=\"350\"><span style=\"font-weight: 400\">Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/span><\/pre>\n<p><span style=\"font-weight: 400\">AVAX showed extreme volatility for the past two days that resulted into the formation of a falling wedge pattern on its trading chart.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Given that, the crypto must close above the <\/span><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/three-reasons-why-avalanches-avax-price-is-failing-202206082250\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">trendline<\/span><\/a><span style=\"font-weight: 400\"> in order for buyers to be able to test a narrow resistance range between $18.3 and $18.5. If that happens, the 20 EMA will confirm a bullish movement for AVAX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Relative Strength Index (RSI) of the crypto was able to reverse its position from being oversold which should help in pushing prices to higher levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the opposite happens, sellers will benefit from the collapse and will be successful in putting the digital coin in the significantly lowered support of $12.6.<\/span><\/p>\n<h2><b>A Further Decline On The Horizon For AVAX?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Over the next five days, according to prediction made by <\/span><a href=\"https:\/\/coincodex.com\/crypto\/avalanche\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coincodex<\/span><\/a><span style=\"font-weight: 400\">, AVAX will push its price to $15.30. This level of gain, however, is nothing compared to the price dump that likely awaits the asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">AVAX will have to put its faith in the ability of bulls to conquer the ongoing trend of its price movement in order to mount a comeback from this looming steep decline.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The mission, however, is daunting, as they are expected to push beyond the $29 marker in order to put the altcoin at $50 which, sadly, is still almost three times lower than its all-time high.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/binance-coin-buying-volume-up\/\" target=\"_blank\" rel=\"noopener \">Binance Coin Buying Volume Up \u2013 Will This Push BNB Up To $275 Level?<\/a><\/div>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9murgEb6\/\" width=\"1834\" height=\"875\">\r\nAVAX market cap at $4.4 billion on the daily chart | Featured image from The Daily Hodl, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a>\r\n\r\nDisclaimer: The analysis represents the author's personal views and should not be construed as investment advice.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>AVAX, the native token of Avalanche blockchain network, has now lost almost 90% of its November 21, 2021 all-time high price of $144.96. AVAX was severely affected by buying pressure over the last two months The altcoin declined by almost half over the last 60 days Resistance range targeted by AVAX is between $18.3 and $18.5 According to tracking from Coingecko, at press time, the cryptocurrency is trading at $15.07 and is seeing red in every zone of its price monitoring chart. In its intraday performance, the altcoin is down by 1.3% and has declined by 3.9% over the last seven days. AVAX has also decreased by 11.7% for the past 14 days and nearly half in the last two months.\u00a0 While there appears to be a breakout rally for the digital coin, there\u2019s also the possibility that its price will once again plummet. It will all depend on how well the digital asset will handle a crucial resistance point that will determine whether it will go up or down over the next few days. Related Reading: Uniswap Coin\u2019s Bullish Trajectory Sets UNI To Breach $7 Level \u2013 Time To Buy? AVAX Tries To Recuperate From Fall In just two months, Avalanche\u2019s native token experienced a steep fall, declining by 49% as the asset was pummeled by excessive buying pressure. Source: TradingView AVAX showed extreme volatility for the past two days that resulted into the formation of a falling wedge pattern on its trading chart. Given that, the crypto must close above the trendline in order for buyers to be able to test a narrow resistance range between $18.3 and $18.5. If that happens, the 20 EMA will confirm a bullish movement for AVAX. Meanwhile, the Relative Strength Index (RSI) of the crypto was able to reverse its position from being oversold which should help in pushing prices to higher levels. However, if the opposite happens, sellers will benefit from the collapse and will be successful in putting the digital coin in the significantly lowered support of $12.6. A Further Decline On The Horizon For AVAX? Over the next five days, according to prediction made by Coincodex, AVAX will push its price to $15.30. This level of gain, however, is nothing compared to the price dump that likely awaits the asset. AVAX will have to put its faith in the ability of bulls to conquer the ongoing trend of its price movement in order to mount a comeback from this looming steep decline. The mission, however, is daunting, as they are expected to push beyond the $29 marker in order to put the altcoin at $50 which, sadly, is still almost three times lower than its all-time high. Related Reading: Binance Coin Buying Volume Up \u2013 Will This Push BNB Up To $275 Level? AVAX market cap at $4.4 billion on the daily chart | Featured image from The Daily Hodl, Chart: TradingView.com Disclaimer: The analysis represents the author&#8217;s personal views and should not be construed as investment advice.<\/p>\n","protected":false},"author":557,"featured_media":497330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[9885,83347,428,1119,1144,6664,8323,1946,8686,4728],"class_list":["post-507274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avax","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-eth","tag-ethereum","tag-ethusd","tag-token"],"acf":[],"yoast_head":"\n<title>AVAX Sheds 50% Over The Last 60 Days - More Losses Ahead?<\/title>\n<meta name=\"description\" content=\"AVAX, the native token of Avalanche blockchain network, has now lost almost 90% of its November 21, 2021 all-time high price of $144.96.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/avax-sheds-50-over-the-last-60-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVAX Sheds 50% Over The Last 60 Days - More Losses Ahead?\" \/>\n<meta property=\"og:description\" content=\"AVAX, the native token of Avalanche blockchain network, has now lost almost 90% of its November 21, 2021 all-time high price of $144.96.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/avax-sheds-50-over-the-last-60-days\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-21T07:52:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/AVAX.png\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"386\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/avax-sheds-50-over-the-last-60-days\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avax-sheds-50-over-the-last-60-days\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"AVAX Sheds 50% Over The Last 60 Days &#8211; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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