Avalanche (AVAX) Analysis
Avalanche (AVAX) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Avalanche (AVAX) technical analysis:
Trade setup: Trends are mixed. Following a break above 200-day Moving Average (~$35), price got rejected at $40-$43 resistance zone again. Now it’s pulled back to $35 support and 200-day MA, retesting that breakout. (set a price alert).
Trend: Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $35, then $28. The nearest Resistance Zone is $40 – $43 (previous support), then $50.
See more curated charts of coins with technical analyses.
Recent news and research:
Find more real-time news here.
Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%
Ava Labs Releases Core, an All-In-One Web3 Operating System for Avalanche
Avalanche Foundation Launches Multiverse, an up to $290M Incentive Program to Accelerate Growth of New Internet of Subnets
Avalanche Ecosystem Accelerator Colony Raises $18.5m to Fuel Next-Gen Apps
When And How Can You Trade $AVAX?
Why is Web3 So Crucial for Avalanche Dapps?
Gnosis Safe Integrates with Avalanche, Expanding Security Tools for Developers and Users
Avalanche Accelerates AVAX Adoption with BitGo Deal
Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund
Avalanche Adds USDC Stablecoin in Continued DeFi Push
Cook Finance Launches First Ever DeFi Index Platform on Avalanche
Crypto Index Protocol Pollen Sets Sights On Avalanche Ecosystem
Avalanche launches fresh $220 million investment fund
Avalanche (AVAX) chain’s Zabu Finance sees a $3.2 million exploit
Cross-blockchain transfer protocol Ren goes live with Avalanche integration.
First Turing Complete FBA Network, Flare, Raises $11.3 Million.
Written byRichard Fetyko