AVAX, in the sixteenth place behind the leading cryptocurrency Bitcoin, has started to give some hope by experiencing a severe rise for four days after upsetting its investors for the last three weeks. AVAX, for which I made my warnings at $21.62 and said that it could decrease until 14.31, rose again above the support of 16.05 with the help it found at this level. Yesterday, the purchases on the Bitcoin side were reflected positively. AVAX started the day at $ 16.47 and closed at $ 17.15, with an increase of 4.13% after testing the highest level of $ 17.91.
Avax, which started today at $16.47, is trading at $16.33 with a decrease of 0.85% at the time of writing.
AVAX Chart Analysis
Starting from the $21.62 level and continuing the decline to the $14.31 support level, AVAX went above the $16.05 support level with the purchases after closing above this level for three days. When we examine the chart, the levels of $ 17.13 and $ 18.73, which is EMA55, in front of AVAX, which is again stuck between the averages, are our first resistance points, and if there is a possible pullback, $ 16.75, which is EMA21, and $ 16.43, which is EMA5, are our first support points.
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.
