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AVAXUSDT

Technical and Fundamental TailwindsAvalanche (AVAX) has been gaining traction in the crypto sphere, with its price showing a bullish trend recently. As of October 6, 2023, the price of AVAX is $10.61. The crypto asset has seen a remarkable price surge of 7% and 10.41% in the recent past, making it a top performer among major cryptocurrencies. Several analyses suggest that the upward momentum will likely continue, propelled by technical and fundamental factors. On the technical front, AVAX is showing signs of consolidating in a flag formation, which is often seen as a bullish indicator. The bulls are making efforts to push the price above the upper boundary of this channel, which could lead to further upside. Moreover, recent trading activities have seen AVAX rebounding from the $8.6 support zone and challenging the resistance at $10, with the latter being a crucial level for the asset to sustain its bullish momentum. The market sentiment has been turning bullish, with the asset overcoming a notable resistance trendline and targeting levels beyond the $10 value area. On the fundamental side, the launch of StarsArena, a crypto-based social media application, has been mentioned as a potential catalyst for AVAX's price movement, indicating a positive ecosystem development. Also, the broader market sentiment, often influenced by Bitcoin's performance, has been a supporting factor for AVAX's price trends. Most Probable Scenario: The most probable scenario for AVAX would be continuing the bullish trend, targeting new highs. The critical support and resistance levels to watch are $8.6 and $11.21, respectively. A successful breakout above the $11.21 resistance could propel AVAX to target higher levels, while a failure to maintain above the $8.6 support may pause the bullish narrative. However, the recent bullish momentum and encouraging ecosystem developments position AVAX favorably in the market, hinting at a promising outlook.
by MonoCoinSignal
16
AVAX/USDT bullish move incoming? 👀 🚀 Avalanche Today Analysis 💎 Paradisers, Heads Up! An intriguing opportunity is unfolding with AVAXUSDT as it steadfastly holds a key support level and is aligning for a bullish ascent. 💎 EURONEXT:AVAX has encountered robust rejection at the daily support of 8.68 and is setting the stage for upward momentum, likely aiming to retest the daily resistance zone shortly. 💎 A few days ago, a notable shift occurred as demand turned to supply, causing Avalanche price to plummet significantly. Currently, the RSI is indicating a bullish divergence, signaling that Avalanche is potentially on the brink of a bullish trajectory. 💎 If you are planning to trade, remember to strategically place a stop loss at 1.75% to safeguard your position. Trade wisely and stay tuned for more insights.
Long
by MyCryptoParadise_Simon
AVAX.USDT (Long Term) Ladies and Gentelman, It's Ho3ein again. Thank you for your time 👋👋 It's a new day and I want to tell you all about the support zone on Avalanche. I think it will be interesting. Because I wanna tell you where is the best zone to buy and Hold Avalanche for the long term. Please be patient 👌👌 Before that, Please don't forget to Like 👍 , share ✌️ with your friends, and also write your comments ✍️ below the post. It gives me more positive energy to continue publishing my analysis. As you see, we have Three main support zones. I'm sure the first one around 7.2-7.5 USD will be lost soon. We will talk about the second and third ones. The Second support zone is around 4.6 – 5 USD and it's really strong. I expect the price drops to this zone to stop dropping and the price after touching this zone to move up. I bet it's not the End of the correction. Because I expect the Second zone could NOT hold the price and it will break and the price will move to the 3rd support zone. Let me say something frankly, I don’t believe that the 3rd support zone around 2.6-2.9 will be broken. It's really strong more than you think and big whales are waiting to buy Avalanche in this zone. Please be patient. control your emotions 🙏🙏 Opportunities in the market flow smoothly like a river 🧞‍♀️🧞‍♀️ It was my duty to tell you all the things you need to know. Please ask me all your questions below the post. Wish you Health and Wealth Sincerely Yours 🙏 Ho3ein.mnD
BINANCE:AVAXUSDShort
by Sticky-Stock
Need to check if it can rise above 10.81Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (AVAXUSDT chart) The key is whether the price can be maintained above 9.76 and rise above 13.47. (1D chart) It is supported and rising in the 8.81-9.36 range. The key is whether it can rise above 10.81. If it receives support in the 10.81-11.56 range, it is expected to lead to an upward movement to around 15.69-16.94. If this is not the case and it falls below 8.92 and shows resistance, caution is needed as it is expected to fall to around 7.72. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Uptrend Forecast for AVAX Future with Short-Term Target at 9.496In-depth Analysis and Bullish Outlook on AVAX Future: 🚀 Current Price: 9.319 🎯 Target Price: 9.496 🛑 Stop Loss (SL): 9.286 📈 Bullish Rationale: I am sharing a bullish perspective on AVAX Future with a short-term trading idea, taking into consideration the current market dynamics and potential driving factors. Market Sentiment: The broader market sentiment towards cryptocurrencies and specifically AVAX seems to be positive/negative (depending on the actual sentiment). 📊 Trading Strategy: Entry Point: Now/9.319 (depending on your risk tolerance and strategy) Take Profit: At 9.496, which represents a ~2% increase from the current price. Stop Loss: Strictly at 9.286 to manage risk effectively. 📝 Note: Trading involves risks and it is crucial to always conduct your thorough research or consult with a professional before making any investment decisions. This idea is based on current market conditions and technical analysis, which are subject to change. 🔄 Updates: I will keep you updated on the progress of this trade idea, and potentially adjust targets and SL depending on how the market evolves. Let’s navigate through these market conditions together and see how AVAX Future unfolds in the near term!"
Long
by Ailtra
2
AVAX ☀️ 24 Hours (Bullish), 🌧️ Next Week (Bearish)Clouds ☁️, indicating a slightly bearish trend, hover over the global crypto market in the next 24 hours. Some sun ☀️ may shine through over altcoins such as Cardano, Avalanche, and Uniswap, signaling a slightly bullish trend. Over a one-week horizon, the forecast is mixed with a slightly bullish sun ☀️ returning over Bitcoin, Litecoin, and Chainlink. Slightly bearish clouds ☁️ will continue to prevail over Ether, XRP, Binance, and Dogecoin. Bearish rain 🌧️ is likely to fall over Avalanche over this longer time horizon. 📉
by ATTMO
AVAX where to buy for a long-termHi traders, Let's have a look at AVAX. AVAX has been in a long-term downtrend and it still can drop lower. The price seems to be creating some kind of a falling wedge now. Our buy area is shown on the chart and it's between 3 and 5 $. This is when in our opinion it's worth to accumulate AVAX. Targets for the next bull market cycle: 1. 40 $ 2. 52 $ 3. 76 $ 4. 98 $ As we can see from previous market cycle, most Altcoins don't reach their previous ATH therefore we don't believe that AVAX will do so. What's your opinion? Good luck traders!
Long
by vf_investment
4
AVAX- Remains PromisingAmidst Avalanche’s once-promising ascent, most holders now clutch a bearish reality. Over 90% face losses while development thrives and trading volume wanes, painting a complex landscape. Avalanche showed great promise during its initial stages, attracting motivated buyers to purchase and retain it. Nevertheless, recent data revealed that most of these buyers and holders were holding their bags at a loss. As per CoinMarketCap, Avalanche had a circulating supply exceeding 344 million tokens at press time, with a total supply surpassing 400 million tokens. However, insights from Into The Block highlighted that more than 90% AVAX holders were experiencing losses at the time of publication. Specifically, the data pointed out that approximately 99.45% of holders, accounting for around 5.45 million addresses, found themselves out of the money, indicative of holding at a loss. WHY LONG: Despite the downward trend in trading volume, the development activity on the Avalanche network has been consistently robust. This suggested that the platform’s team was actively at work. Loyal Community: And while these holders may have hoped for respite, that has not been the case. To make matters worse, IntoTheBlock data showed that 99.5% of AVAX holders were now holding the token at a loss. The Chart: On support and looking Bullish to me. Long on AVAX again and remember to take profits at 14,5 One Love, The FXPROFESSOR
Long
by FX_Professor
7