Skip to main content

AVAX price could fall to around USD 20

 


AVAX price has already rebounded 75% from the support, however, it seems to continue the downtrend and return to the USD 20 level.


AVAX price was able to bounce around 75%

Initially, the AVAX price was able to bounce off very strongly after reaching the support between USD 20 - 24. The AVAX course was able to rise around 75%. However, AVAX has been in a downtrend for a few days, and yesterday in particular, AVAX price formed a lower high. In addition, the EMAs are still crossed bearish, confirming the trend bearish in the short to medium term. Only the MACD is bullish, because the histogram is ticking bullishly higher and the MACD lines are crossed bullishly.


If AVAX price successfully sustains above the $20 – $24 support, it will find significant Fibonacci resistance at the 50-day and 200-day EMAs, around $53 and $70.


AVAX price continues to fall towards support

However, on the weekly chart, the MACD is decidedly bearish: the histogram is ticking bearish lower and the MACD lines remain bearish crossovers. If AVAX price bearishly breaks the USD 20 – 24 support, it might even correct to around USD 9 – 12.


Currently, it looks like AVAX will once again return to support between $20 – $24 instead of targeting the Fibonacci resistances at $53 and $73.


Will the AVAX price fall even lower?

In the last two correction phases, AVAX price corrected around 69% and 84%. In this cycle, the AVAX price has already corrected around 85%. If AVAX corrects to around $9, it will imply a corrective move of around 94% overall.


There is definitely a chance that AVAX has already found its bottom and is successfully holding the support between USD 20 – USD 24.


Against BTC, AVAX is bouncing off the support

Against BTC, the MACD on the weekly chart is also clearly bearish. However, AVAX bounced off the support between 0.000785 – 0.0009 BTC, to which it currently appears to be returning. If this is the bottom, AVAX will find significant Fibonacci resistance as early as 0.00153 BTC and 0.00195 BTC. On the other hand, if AVAX breaks the support between 0.000785 – 0.0009 BTC, significant support waits for AVAX again between 0.000294 – 0.00035 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more