MtGox and US Bitcoin ( BTC), led altcoins to collapse, on Avalanche ( AVAX) how are things going?
Published by Arkham yesterday evening MtGoxAnd USAThe news about it almost hit altcoins. of BTC The depreciation of nearly 10 percent within minutes pulled the entire crypto market back. It has been on an uptrend for a while. AVAX, both by being rejected from the resistance point and by the effect of the news, experienced a decrease of more than 10 percent.
Avalanche (AVAX) Chart Analysis
AVAX, which was exposed to selling pressure from 18.22 resistance, tested the support level by being affected by both this event and MtGox, USA news. The popular coin, which lost 10.95 percent of its value, created an atmosphere of panic, especially in the AVAX ecosystem. AVAX, which found buyers in the band of 16.59 – 16.29 dollars, came back to the level of 17.42 dollars.
In order for the pricing on the AVAX side to progress positively, respectively, Breaking the 18.22 – $19.33 and $22 resistances of great importance. Negative news that BTC is depreciating or that may come from the AVAX ecosystem A It can bring VAX up to the levels of 16.59 – 16.29 – 15.37 and 14 dollars.
