Show

Terra

Avalanche

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-show-positive-trends-as-investor-appetite-grows/" data-wpel-link="internal">Altcoins Show Positive Trends as Investor Appetite Grows</a> 
Altcoins turned green again, and as of mid-May, <a href="https://en.coin-turk.com/santander-private-banking-international-starts-offering-bitcoin-and-ethereum-trading-and-custody-services-in-switzerland/" data-wpel-link="internal">cryptocurrency</a> <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>‘ appetite is growing. We mentioned that if this week’s inflation <a href="https://newslinker.co/" data-wpel-link="exclude">data</a> is positive, we could see good days ahead. Although the bad PPI data advises caution, investors remain hopeful about the market’s future. 
<h2 style="text-align: justify" id="luna-forum">LUNA Forum</h2> 
Platforms where people exchange ideas among themselves are called forums. However, there is no such comment or discussion area specifically for LUNA Coin in Turkey or any other country. Specifically, the Terra ecosystem has been gradually weakening since its collapse in mid-2022. However, investors hoping to profit from speculative <a>price</a> movements have not given up looking for potential rally signals. 
The problem is that speculative movements in LUNA Coin or other risky assets are entirely in the hands of market makers or large investors. In other words, they are unpredictable. In the latest market assessment for LUNA Coin, we mentioned the support at $0.55. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352725 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/LUNAUSDT_2024-05-17_22-16-23.png" alt="" width="1814" height="836"> 
The price is still above this support and cannot surpass the resistance at $0.63. If the BTC price can close above $66,000 for a few weeks, speculative traders might initiate some activity here. A potential major rally targeting $1.15 and beyond will start with closes above $0.69. 
On the other hand, the parallel channel resistance at $0.8 is an important region for both buying and selling. We can see from the above chart what kind of gain and loss environments the level we have been highlighting for months has triggered. 
<h2 style="text-align: justify" id="avalanche-avax">Avalanche (AVAX)</h2> 
Major liquidations would have started below the $31.5 level. Fortunately, AVAX bulls managed to push the price up from the key parallel channel support. Now, the AVAX price is moving towards the middle area of the channel. If we see closes above $38, we could target the breakout area between $48 and $50 in the future. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-352727 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/AVAXUSDT_2024-05-17_22-29-53.png" alt="" width="1814" height="836"> 
For months, we have been saying that the real rise could start above $50, but AVAX has not achieved this yet. The major unlock next week and the unlocks throughout the year are what are pressuring AVAX. The double-digit annual inflation prevents AVAX from showing a price performance comparable to SOL Coin. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-show-positive-trends-as-investor-appetite-grows/" data-wpel-link="internal">Altcoins Show Positive Trends as Investor Appetite Grows</a></h5>

Altcoins Show Positive Trends as Investor Appetite Grows

Table of Contents

COINTURK NEWS

Other articles published on May 17, 2024

Coinbase Shares Plunge Almost 10% On FT Report That CME Plans To Offer Spot Bitcoin Trading

Whale Alert: Algotech (ALGT) Presale Triggers Excitement Among Dogwifhat And FLOKI Investors

Coinbase Gets Upgrade: Analyst Highlights Larger Audience, New Spot ETFs, Less Focus On Meme Coins

Chainlink’s LINK Token Jumps After DTCC Report

XLink Prepares for a Comeback After Hack Incident

Why Avalanche (AVAX) Price Might Surge To $40 Soon?

Join our free newsletter for daily crypto updates!