Avalanche (AVAX) tested $14.10 for the second time since the beginning of 2023, maintaining this level could accelerate the declines in AVAX.
Avalanche, which came to the range of 14.10 dollars for the second time since the beginning of the year ( AVAX ), it could face a 15 percent drop unless it can hold on to this price band. At the same time, the major coin, which has been pricing below its falling trend for exactly two weeks, can make a voluminous rise when it breaks this trend. How does the chart in AVAX continue? What price movements can be observed?
Avalanche (AVAX) Graphics Evaluation
The gradual depreciation of Bitcoin, the inability of altcoins to find buyers and the negative news in the market are hanging on the support band after two months. AVAX is in the middle of this level. Traded at $14.33, AVAX may face deep declines as long as it stays within this band. If it breaks down the green area it is in It could fall as low as $13.92 and $12.04.$12.04 corresponds to a 15.49 percent decrease from its instant price.
For AVAX to regain value in Breaking the 18.22 – 19.33 – $ 20.40 and $ 22 resistances, respectively, can be followed in the name of big rises. BTC’s depreciation or Fud news from the Avalanche ecosystem may lead to pullbacks up to the annual opening price.
