Skip to main content

AVAX Price Prediction: Could AVAX Drop Below $14?

 


The AVAX price is still in the downtrend and could soon reach the last low at around USD 14.


Avalanche course forecast: AVAX course continues to descend!

Two weeks ago we wrote in the last AVAX price forecast : “AVAX price broke the golden ratio support at around USD 20 in a bearish manner and briefly fell to around USD 17.5. Currently, the AVAX price seems to find a small support at around USD 18.65,  but with the break of the golden ratio at around USD 20, the AVAX price may soon go to the last low at USD 13.7.


In the daily chart, however, the histogram of the MACDs has been ticking bullishly higher for a few days and the MACD lines could soon cross in a bullish manner. The RSI is neutral, but is close to oversold regions.”


AVAX price was rejected in a bearish manner at the 50-day EMA

AVAX price was bearishly rejected at around $21.26 a few days ago at the 50-day EMA. Also, the MACD lines on the daily chart are about to cross bearishly. Additionally, the MACD histogram is ticking bearish lower.


The RSI shows a slight bullish divergence. If AVAX now tries again to break the 50-day EMA at around USD 21.3, the next significant Fibonacci resistances are waiting at around USD 22.7 and USD 26.


Apart from that, there is a death cross in the daily chart, which confirms the trend bearishly in the short to medium term.


In the 4H chart, the Death Cross remains intact

There is also a death cross in the 4H chart, which confirms the short-term bearish trend . The 50-4H EMA is already acting as significant resistance around $19, while the 200-4H EMA is acting as significant resistance around $20.6.


In contrast to the daily chart, the MACD is clearly bullish on the 4H chart. The histogram is ticking bullishly higher and the MACD lines are also bullishly crossed.


In the weekly chart, the MACD is still bullish

The MACD is also clearly bullish in the weekly chart. The MACD histogram is ticking bullishly higher for the third week in a row and the MACD lines are also crossed bullishly.


In addition, the AVAX price formed a higher low two weeks ago, which is initially bullish. However, AVAX seems to continue the downtrend this week.


AVAX finds significant support between USD 13.7 and USD 16.3 at the latest. On the upside, the golden ratio around USD 29 acts as the key resistance. A bullish break ends the correction.


Between USD 9 and USD 12, the last support is waiting for the AVAX price

Otherwise, AVAX only finds significant support again between USD 9 and USD 12. The Avalanche price could very well return to the last low at around USD 13.7 in the next few days to weeks or possibly fall even lower.


Against BTC, the Avalanche price could soon bounce off the Golden Ratio support

Against BTC, AVAX price is close to hitting golden ratio support around 0.00085 BTC. The AVAX course could bounce off very strongly from this.


Otherwise, the weekly MACD is clearly bearish as the histogram has been ticking bearishly lower for a few weeks and the MACD lines are on the verge of a bearish crossover. The RSI is neutral and gives neither bullish nor bearish signals.


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

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more