Convergence

Avalanche

Rise

Divergence

The post <a href="https://coinpedia.org/price-analysis/avalanche-price-tumbles-again-avax-price-to-record-10-correction-soon/" rel="noopener noreferrer nofollow">Avalanche Price Tumbles Again! AVAX Price To Record 10% Correction Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto industry continues to display significant price volatility, highlighting increased selling and buying pressure in the market. Further, the AVAX price continues to record constant correction, indicating a bearish influence in the space.
The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" rel="noopener noreferrer nofollow">Avalanche price</a> traded in a closed range between $45 and $50 for a period, after which the market lost momentum and the price experienced a breakdown.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/J7hyWCqPp_IT5qR3kaBZmYqNoAK53WoDsfX3tw__8StBQw9gJBnWY1kd2wC0EqzKSfS43JQ7EhvUnNMjVecTtdpNwg8idIZ12g_u21ZCsG4OlQcjsFNmEBCYF4-k0sE7kkxPjcC2tSiUSS8bskBqE3U" alt="Avalanche Price Analysis ">
 <figcaption class="wp-element-caption">
 TradingView: AVAX/USDT
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</figure>
Following this, the AVAX coin price traded in a consolidated range between $40.01 and $42.50 for a brief time. After facing rejection at $42.50, the AVAX price recorded a correction of over 25% in valuation.
The bulls made multiple attempts to break out but the bears held the price strong, indicating a bear power in the market. After multiple attempts, the bulls successfully broke out of the range.
Since then, the price has been constantly trading in a consolidated range between $35 and $40.01. Recently, the bulls lost momentum, resulting in a breakdown in the chart.
<h2 class="wp-block-heading" id="h-will-avax-price-rise-back-up">Will AVAX Price Rise Back Up?</h2>
The Moving Average Convergence Divergence (MACD) displays a constant red histogram, indicating increased selling pressure in the crypto industry. Moreover, the averages show a bearish trend, suggesting the price will continue undergoing correction before a rebound in the coming time.
If the market pushes the AVAX price above the resistance level of $35, the bulls will regain momentum and test its upper resistance level of $40.01 soon. Further, if the market holds the Avalanche token at that level, it will prepare to test its resistance level of $42.50 during the coming week.
Negatively, if the market fails to gain momentum, the Avalanche price will fall to test its support level of $30. Moreover, if the bears continue to hold power over the industry, the price will prepare to test its lower support level of $27.46 in the coming time.

Avalanche Price Tumbles Again! AVAX Price To Record 10% Correction Soon?

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