Avalanche $17.47Avax, the local Token, draws attention with its recent price movements. According to the technical analysis model made by Coindesk Research, the AVAX price created significant support levels from the consolidation process. The crypto currency is reported to have gained 0.8 percent in the last 24 hours. This development is considered to be separated from the general performance of the market. The analyzes revealed that AVAX showed both small rises and gives positive signals in the market.
Lock levels in technical analysis
In the technical analysis, AVAX’s price movements exhibited various stages. Firstly, the price, which watched in a narrow range between 17.13 and $ 17.35, goes out of this range with a significant volume and constitutes a strong support point for $ 17.07. Experts say that the reversal turns at this level are over average with a process volume above average. AVAX’S CREATED HIGHT DIRECTORS AND THE RESISTANCE LEVEL IN $ 17.63 has been tested many times. This indicates that investors’ savings are over and the price can turn the direction up.
Avax has followed a very wavy course in the last 24 hours. The Asset increased from $ 17.37 to $ 17.45 and made a 0.5 %increase. After this rise, the price fell to $ 17.36 after climbing to $ 17.46. Analysts, at this stage, the “double dip” formation after the rise movement continues to be supported by volume. In the last minutes, the price of the price from $ 17.37 to $ 17.46 was considered as an indicator that the interest rate has increased again.
Market and index data
Despite the positive performance of AVAX, a general decline tendency was observed in the Coindesk 20 Index. This index, which includes 20 leading assets of the crypto currency sector and except stable coins, stock market tokens and humorous tokens, experienced a decrease of 0.4 percent in the simultaneous period. This is interpreted as AVAX gained positive momentum by separating from other major assets in the sector.
The losses in the index show that there is a period in which short -term fluctuations are effective in some crypto assets. However, the resistant structure in the AVAX price supports the views that investors’ interest in this existence continues. Technical indicators implies that the market may be open to recovery in general behind the price support at certain intervals.
Explanations of Market Experts
According to technical analysis, AVAX’s volatility creates new opportunities for investors. Experts draw attention to the fact that the asset creates multiple resistance and support points and offers an environment in which trading strategies can be re-evaluated. This transaction volume changes, which are frequently seen in crypto markets, can give clues about the future of price movements.
Coindesk Research: “Avax showed the potential to maintain the upward course by showing an increase in transaction volume and strong support levels after the consolidation process.”
In the process of fluctuating in the market, experts may have short -term correction movements, but AVAX’s overall appearance can be maintained. Investors are especially recommended to follow the volume and price movements closely. In the analyzes, it is emphasized that technical indicators should be constantly updated and market dynamics should be monitored.
It is reported that some of the analysis process is prepared by using artificial intelligence -based vehicles, but by Coindesk editors, they are reviewed in terms of accuracy control and compliance with standards. Data safety and transparency in the company’s editorial policies are recorded.
Avalanche’s support levels and short -term price increases in the Avax token can create new fields of movement for investors. Volatility observed throughout the market creates an environment where risks and opportunities are together. AVAX’s powerful support points show that the price may remain stable for a certain period of time. Closely monitoring such technical analysis for investors can be useful in determining the actions to be taken against possible changes in price movements. In short -term, AVAX’s separation from the market can also provide new perspectives in terms of diversity in crypto asset portfolios.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
