Continuing to upset its investors with the decline that started at $21.62, AVAX broke down the 16.05 support zone last week, and there was a rapid pullback toward the $14.31 support. AVAX, which did not close under this region for three days, managed to rise above $ 16.05 again with the purchases on the Bitcoin side. If the leading cryptocurrency Bitcoin exceeds the resistance of $ 25211, we will see AVAX, which has made a name for itself among altcoins, rise rapidly. AVAX, which started the day at the $ 16.17 level, rose to $ 16.78 during the day and closed the day at $ 16.47 with an increase of 1.79%.
Avax, which started today at $16.47, is trading at $16.33 with a decrease of 0.85% at the time of writing.
Ethereum Chart Analysis
AVAX, which has upset its investors with the decline from $ 21.62 for three weeks, experienced a rapid pullback towards $ 14.31, a lower support level, after the $ 16.05 support was broken down, as I mentioned in my article last week. Fighting not to break the support in this region for three days, AVAX, with the purchases in Bitcoin, rapidly rose above the $ 16.05 level on the fourth day. When we examine the chart, $16.05 and $15.95, the EMA5 level, are our first support points, while the EMA5 $16.67 and EMA100 $16.92 levels are our first resistance levels if the uptrend continues.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when deciding.
