Avalanche (AVAX), which has been pricing by depreciating for a long time, started to loosen by not being able to hold on to the resistance area.
Although AVAX, which has been in a falling trend structure for about a month, made a move towards $13.68, it could not stand the selling pressure and came to $ 12.45. The popular coin, which also got rejected from the minor resistance area, continues its search for direction. What’s the latest on the AVAX chart? What price movements can occur?
Avalanche (AVAX) technical analysis
AVAX, which has been losing value since $ 15.96, is currently trading at $ 12.45. If $12.65 runs as support, the major coin, which cannot hold here, may decline to $11.81 and $11.16 with the breakdown of $12.11. In particular, the price action at $12.11 will be decisive.
Persistence at $12.65, BTC surpassing $30,000, or the positive mood in the Avalanche ecosystem could trigger AVAX price to the upside. In this scenario, the sales regions to follow are 13.68 – 14.16 – 15.11 and 15.96 dollars, respectively. With the break of $ 15.96, the short-medium term structure in AVAX will become stronger.
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