AVAX Technical Analysis: 200-Day Average Exceeded

Having completed the last week with the rise with the leading cryptocurrency Bitcoin, AVAX continues to rise with support from the EMA55 level at $ 17. Having faced sales from this region before, AVAX started the new week by breaking the 200-day average. AVAX, which had a quieter day yesterday, will start the new week more aggressively, and trade above the 200-day average will increase the expectations for AVAX.

At the time of writing, AVAX is trading at $20.64, with a daily increase of 4.19%.

AVAX Chart Analysis

AVAX Chart Analysis

Starting the new week with hard purchases, AVAX will first want to go towards the resistance level at $21.62 if AVAX, which is seen to have broken the 200-day average up when the chart is examined, will continue to rise. In possible retracements, the level of $ 20.23, which is the EMA200, is the first support, and then the level of $ 19.79, which is the EMA5, is the second support. Especially if the 25212 resistance is broken on the Bitcoin side, I think that the purchases in AVAX will continue getting harder.

AVAX Technical Analysis: 200-Day Average Exceeded

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Pieter Aven

Pieter Aven is a business and financial journalist based in Boston covering stories at the intersection of business, technology and finance. He holds a degree in Germanic languages from the University of Brussels and a degree in journalism from Boston University.

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