Avalanche (AVAX) tested $14.10 for the second time since the beginning of 2023, maintaining this level could accelerate the declines in AVAX.
Avalanche (AVAX), which has come to the $14.10 range for the second time since the beginning of the year, may face a 15 percent decline as long as it cannot hold on to this price band. At the same time, the major coin, which has been pricing below its falling trend for exactly two weeks, can make a voluminous rise when it breaks this trend. How does the chart in AVAX continue? What price movements can be observed?
Avalanche (AVAX) Graphics Evaluation
The gradual depreciation of Bitcoin, the inability of altcoins to find buyers and the negative news in the market, AVAX, which hangs on the support band after two months, is in the middle of this level. Traded at $14.33, AVAX may face deep declines as long as it stays within this band. If it breaks down the green area it is in, it can drop to $13.92 and $12.04. $12.04 corresponds to a 15.49 percent decrease from its instant price.
In order for AVAX to gain value again, breaking the 18.22 – 19.33 – $ 20.40 and $ 22 resistances, respectively, can be followed in the name of big rises. BTC’s depreciation or Fud news from the Avalanche ecosystem may lead to pullbacks up to the annual opening price.
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