Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/avax-price-trends-upward-in-recent-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">AVAX Price Trends Upward in Recent Market</a><br></p>
<p style="text-align: justify"><strong>Kripto para</strong> piyasası son zamanlarda önemli bir dönüş yaşadı ve bu dönüş AVAX gibi token’larda da kendini gösteriyor. AVAX, 36,50 dolarlık direncin üzerine çıktıktan sonra ivme kazanmaya devam ediyor. Şimdi gözler, 40,00 dolarlık direnç bölgesinin aşılarak daha yüksek seviyelere doğru bir hareketin olup olmayacağında.</p>
<h2 style="text-align: justify" id="avax-price-shows-upward-trend">AVAX Price Shows Upward Trend</h2>
<p style="text-align: justify"><strong>AVAX</strong>’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">price</a> is exhibiting an upward movement from the support zone of $30.50 against the dollar. This upward trend strengthened further after surpassing the $35.00 resistance. Looking at the 4-hour chart, we see a breakout above the significant downtrend line at the $34.00 resistance level. This breakout indicates an increase in upward potential. However, there are still support and resistance levels that need attention.</p>
<p style="text-align: justify">If AVAX remains above the support levels of $36.30 and $35.50, its upward movement can be expected to continue. However, perhaps the most important question for <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">investors</a> is whether the price will rise further. We observe that AVAX is setting higher targets. Particularly, a significant increase in price could occur if the main resistance area of $39.80 is surpassed. In this case, an increase of over 10% is possible.</p>
<h2 style="text-align: justify" id="is-avalanche-supporting-lower-levels">Is Avalanche Supporting Lower Levels?</h2>
<p style="text-align: justify">Considering signals that the cryptocurrency AVAX is struggling to rise steadily above the levels of $37.65 or $39.80, it is important to assess the current situation.</p>
<p style="text-align: justify">If AVAX cannot continue to rise steadily above the levels of $37.65 or $39.80, the possibility of a downward correction could increase. Especially, an immediate support near the $36.30 level is noticeable.</p>
<p style="text-align: justify">Technically, the $35.20 level stands out as a key support. If <a href="https://en.coin-turk.com/avax-price-continues-its-upward-trend/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a>‘s price falls below these support levels, a larger downward trend towards the $32.80 level could begin. Additionally, the next main support point near the $30.50 level should also be considered.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-348087 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/avax.png" alt="" width="1830" height="787"></p>
<p style="text-align: justify">When examining technical indicators, the 4-hour MACD for AVAX/USD is gaining momentum in the bullish zone. Similarly, the 4-hour RSI is currently above the 50 level. This situation could indicate that the price maintains strong momentum despite the current correction movement.</p>
<p style="text-align: justify">The main support levels for AVAX are set at $36.30 and $35.20, while the main resistance levels are determined as $37.65, $39.80, and $42.50.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/avax-price-trends-upward-in-recent-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">AVAX Price Trends Upward in Recent Market</a></h5>

AVAX Price Trends Upward in Recent Market

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Alte articole publicate pe 6 mai 2024

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