Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Bulls Drive AVAX Price Up by Over 13%; Indicators Point to More Upward Swing

Published 01/28/2023, 06:37 AM
Updated 01/28/2023, 07:00 AM
Bulls Drive AVAX Price Up by Over 13%; Indicators Point to More Upward Swing

  • The $17.83 price level provides strong support for AVAX, barring the bears from taking control
  • If bulls are to triumph, $21.68 resistance must be maintained.
  • The AVAX market is expected to remain under a bullish grip according to indicators.

The bearish grip on Avalanche (AVAX) lost market control as it found support at $17.83. As a result of the bullish intervention, the price of AVAX reached a high of $21.68 before encountering stiff resistance. However, as of press time, the bullish control had pushed the price up by 13.30% to $20.48.

As a result of the bullish dominance in the Avalanche market, both market capitalization and 24-hour trading volume increased by 12.07% to $6,407,859,496 and 86.21% to $865,601,315, respectively.

The post Bulls Drive AVAX Price Up by Over 13%; Indicators Point to More Upward Swing appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.