With the recovery of Bitcoin (BTC), Avalanche (AVAX) has attracted attention in altcoins that started volatility.
One of the coins most affected by the selling pressures in altcoins was Avalanche (AVAX). The popular coin, which touched $ 10 months later, created a serious danger in the Avalanche ecosystem. Announcing that he applied for an ETF last night, BlackRock carried the crypto market up. AVAX, which managed to throw above $ 11, is currently struggling to hold on to the support point. How about technical analysis on Avalanche (AVAX)?
Where Is the Price Heading in Avalanche (AVAX)?
Avalanche (AVAX), which came to $ 10 weeks later, came to an upper resistance as BTC jumped above $ 25,500. The major coin, traded at $11.41, is holding at the 11.39 support. In the scenario where this support is maintained and BTC does not disrupt the flow of altcoins, the resistances of 14.34 – 16.45 – 18.50 and 20.21 dollars can be targeted for AVAX, respectively.
In the scenario where the fud news continues or BTC continues with a bearish trend, a test for AVAX to 10 dollars can be observed again. The $10 buyer-seller battle will determine AVAX’s price action in the medium term.
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