Avalanche

<p><em><strong>Avalanche (AVAX) demonstrates exhaustion close to a crucial resistance area, hinting at a possible correction in its price trajectory. Given the discrepancies in prices, investors are advised to keep a close watch on specific levels for potential accumulation opportunities.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Avalanche (AVAX), ranked 10th in the crypto world, shows signs of exhaustion nearing the $51 to $56 resistance zone. Despite fluctuating between $50 and $60, there’s a potential correction indicated by the downward trend on the weekly chart. Long-term buyers may find the current price range suitable for accumulation. However, weakening upward momentum and the chance of price falling back to $39 support suggest caution. Investors should monitor <a href="https://cryptosheadlines.com/shiba-inu-profits-soar-as-shib-price-recovers-key-level/" rel="noopener noreferrer nofollow">key levels</a> closely.</p><h3 id="strong-bearish-divergence-signals-potential-correction-for-avalanche-avax-strong"><strong>Bearish Divergence Signals Potential Correction for Avalanche (AVAX)</strong></h3><p>Avalanche (AVAX) surged past the $40 mark in late December, marking a significant milestone. However, from late December to mid-March, while AVAX’s price reached higher peaks, indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) displayed lower peaks. This discrepancy, known as a bearish divergence, often precedes corrective movements in the asset’s price.</p><p>As a result, AVAX has retraced from its recent peak of $65, experiencing a 19% decline and showing potential for further downside. Currently, the price fluctuates between $45 and $50, indicating the first accumulation zone lies approximately 5% to 10% below the current level of $53. Investors should remain vigilant as the cryptocurrency navigates through this correction phase.</p><h3 id="potential-price-scenarios-for-avalanche-avax">Potential Price Scenarios for Avalanche (AVAX)</h3><p>If historical patterns repeat, a decline towards the accumulation zone could trigger sufficient buying pressure. This might enable AVAX to break through the resistance zone of $51 to $56 and potentially retest the critical barrier at $80. Notably, this level represents the midpoint of AVAX’s previous <a href="https://cryptosheadlines.com/analyst-predicts-bear-market-end-for-altcoin-group/" rel="noopener noreferrer nofollow">bear market</a>.</p><p><a href="https://cryptosheadlines.com/dogecoin-vs-shiba-inu-the-meme-coin-showdown/" rel="noopener noreferrer nofollow">Also Read:   Dogecoin vs Shiba Inu: The Meme Coin Showdown</a></p><p>Conversely, should AVAX’s price continue to decline beyond the $45 to $50 range, it would signal overall market weakness. In such a scenario, AVAX could retreat towards the weekly support level of $40.</p><h2 id="header-1">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Of particular concern is the possibility of a significant increase in <a href="https://cryptosheadlines.com/nansen-selling-pressure-on-ether-after-shanghai-upgrade-was-insignificant/" rel="noopener noreferrer nofollow">selling pressure</a>, potentially turning the $40 level into a resistance level for AVAX. This outcome could invalidate the bullish outlook, leading to a further 28% decline for AVAX and <a href="https://cryptosheadlines.com/matic-usd-price-struggles-to-rebound-testing-support-levels-ahead/" rel="noopener noreferrer nofollow">testing the next significant support level</a> at $28. However, it’s important to note that this scenario is currently deemed unlikely.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

AVAX Price Analysis: Buying Opportunities Ahead?

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