bullish

Future

Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-monitor-avax-price-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor AVAX Price Movements</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/avalanche-foundation-decides-to-add-meme-coins-to-its-portfolio/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a></strong> (AVAX) recent price movements have erased losses seen in May and June. Less than a week ago, AVAX price surpassed $30, exciting <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> with bullish expectations. However, things might not go as expected, as longer time frame analyses show AVAX’s price movement might fall short of investor expectations. Fibonacci levels indicate potential <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> price movements and what might follow.</p>
<h2 style="text-align: justify" id="avax-comments">AVAX Comments</h2>
<p style="text-align: justify">As of the time of writing, the general market outlook shows a positive daily view, while the weekly view reflects a bearish trend. This suggests the possibility of the price rising towards $40 before a potential downward movement.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-375026" src="https://coin-turk.com/wp-content/uploads/2024/07/avax-1-coin-turk-com-1.png" alt="" width="1360" height="692"></p>
<p style="text-align: justify">A series of Fibonacci retracement levels, including the May and June price drops, were noteworthy. The 50% level at $32.66 is currently one of the biggest resistances for AVAX.</p>
<p style="text-align: justify">The daily RSI value was 51, and after last week’s pullback, today’s positive outlook was noticeable. AVAX’s OBV in June showed a calm appearance, indicating that bulls on the Avalanche side are still not ready for a rally.</p>
<h2 style="text-align: justify" id="avax-s-future">AVAX’s Future</h2>
<p style="text-align: justify">In the early days of this month, the liquidity pool at $30.8 facilitated an upward price movement. AVAX rose to $33 before experiencing a decline. For further upward price movements, the regions of $34.3, $37.5, and $39.5 remain noteworthy.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-375027" src="https://coin-turk.com/wp-content/uploads/2024/07/avax-2-coin-turk-com-3.png" alt="" width="582" height="323"></p>
<p style="text-align: justify">AVAX price could form a range above $30, potentially starting a downward price movement by capturing existing liquidity in these areas, which would result in the liquidation of short positions.</p>
<p style="text-align: justify">The Fibonacci retracement levels mentioned in the article also play a significant role in this process. Therefore, leverage investors might expect the weekly market structure to maintain continuity until AVAX price surpasses the $38 level.</p>
<p style="text-align: justify">Meanwhile, a decrease in market volume was observed alongside AVAX’s price, dropping to $10.842 billion, maintaining its 12th position. The trading volume, after a 47% decrease, stands at $340.6 million.</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/investors-monitor-avax-price-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor AVAX Price Movements</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-monitor-avax-price-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor AVAX Price Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Monitor AVAX Price Movements

目录

COINTURK NEWS

发布于 2024年7月29日的其他文章

Hong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

Exploring the Best Crypto Presale Projects 2024: High Returns and Zero Tax

Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana

Bitcoin Expected to Reach New All-Time Highs This Week, Ending 137-Day Correction Phase

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

订阅我们免费的电子期刊，获取每日最新加密领域动态！