Avalanche ( AVAX), can it explode?
in bitcoin10 percent increase in a short time, AVAX It didn’t affect the price too much. Currently trading at $14.58, AVAX has not been able to come out of the price range it is in. Can AVAX, which performs less than other major coins, show drastic moves when the accumulating process is over? How is technical analysis progressing for AVAX?
Avalanche (AVAX) Chart Analysis
Traded in the $14.58 – $13.92 band AVAX , has not yet come out of this channel clearly. One of the altcoins that gained value under the leadership of Ethereum AVAX , bounced off a critical value. The major coin, which received a reaction from the lower value of the channel, managed to rise to $ 14.60. Remaining in the background compared to other altcoins AVAXappears to be in the accumulating phase.
AVAX, which is priced just above the channel that we can describe as support, can show more voluminous increases if it breaks the resistances of 15.35 – 16.35 – 18.22 – 19.33 and 22 dollars, respectively. Factors such as the increase in sell-side transactions in the market, fud news or the Avalanche ecosystem being in the background may reduce AVAX to 13.92 and 12.04 dollars.
