AVAX, in sixteenth place behind the leading cryptocurrency Bitcoin, continues to upset its investors. Things could be better in AVAX, which is below average. AVAX, which broke the $ 16.05 support I insisted on in my previous articles, with the hard selling experienced yesterday, will continue to face sales pressure unless it can rise above the support. AVAX, which started trading at $ 17.15 yesterday, closed the day at $ 15.55, with a decrease of 9.33% due to the hard selling from the EMA100 region.
Avax, which started today at $15.55, is trading at $15.71, with an increase of 1.03% at the time of writing.
AVAX Chart Analysis
AVAX, which I made my warnings at the level of $ 21.62 three weeks ago, declined to the level of $ 13.88 after the sale. Later, even though AVAX, which was positively affected by the purchases on the Bitcoin side, came to the $ 17 limit, it again fell below the 16.05 support zone with the hard selling it encountered. When we examine the chart above, selling pressure will continue unless AVAX, which cannot be very positive, can go above the averages it broke down and start to close above $ 16.05. For now, our first resistance points are $15.90, the EMA5, and $16.05, the horizontal resistance. If the selling pressure continues, the $14.31 level is the level I will follow as the first support point.
This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
