Risky price structure in Avalanche (AVAX) continues!

The pullback that started in Bitcoin (BTC) has had a profound impact on Avalanche (AVAX), in particular.
 Risky price structure in Avalanche (AVAX) continues!
READING NOW Risky price structure in Avalanche (AVAX) continues!

The pullback that started in Bitcoin (BTC) has had a profound impact on Avalanche (AVAX), in particular.

After $30,000 could not hold, BTC tested $29,500 and instantly pinned $28,900, pulling many altcoins to support levels. AVAX, which has touched a very important point in the wide time frame, seems to have received a reaction for now. However, alarm bells still ring for AVAX. With the loss of $12.70, short-term bottoming possibilities will strengthen. What about the latest situation in the AVAX chart?

Avalanche (AVAX) chart analysis

When we look at the daily time frame, AVAX, which came to $ 12.80 and tested a critical region, created panic in both its ecosystem and investors. If the major coin, which touches this level after days, does not see a buying reaction, it may decrease to 12.11 – 12.80 – 11.16 and 10 dollars, respectively. In this process, the news in the Avalanche ecosystem and especially the price structure of BTC will have a say.

The reaction of 13.92 – 14.58 dollars is of great importance for the formation of bullish expectations in AVAX. If $14.58 is exceeded and the price stays persistent, it can open the way for increases to 16.59 – 18.46 – 20.21 and 21.57 dollars, respectively.

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