AVAX

The positive price movements for bitcoin at the start of the business week were short-lived as the asset has lost over three grand since then and now struggles to remain above $62,000. The altcoins are in no better state, with DOGE, SOL, and AVAX dropping by 5% or more in the past 24 hours. BTC Drops Toward $62K Bitcoin had a highly negative start to May that culminated last Wednesday with a price dump to a two-month low of $56,500.…

AVAX price is gaining pace above the $36.50 resistance. Avalanche could rise further if there is a clear move above the $40.00 resistance zone. AVAX price is moving higher from the $30.50 support zone against the US dollar. The price is trading above $35.00 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $34.00 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair…

Blockchain gamers are getting excited about this new online casino gaming platform. Named Rollblock (RLBK), this platform is set to challenge many top altcoins when it comes to garnering significant traction and attention. While Cardano (ADA) and Avalanche (AVAX) both navigate bearish pressure and weekly declines, Rollblock is seizing the opportunity to take giant strides that will cumulatively increase its potential to rival Cardano, Avalanche tokens and other top crypto coins. Secure, Rewarding and Regulated: Rollblock's Vision for the Future…

The post AVAX Price Plans Bearish Trap Breakout With A Double Bottom appeared first on Coinpedia Fintech News With the dreams of reaching $100 delayed, the AVAX price in the correction phase now aims to avoid any further correction below $30. As the downtrend now accounts for a 50% decline, the altcoin forms a bearish channel pattern in the daily chart.  As the adamant buyers avoid a drop below $30, the underlying gear shifts towards a bullish reversal. With the…

BENQI has introduced liquid staking on Avalanche, streamlining the staking process by connecting users with efficient validators on the network. Leveraging Chainlink’s Proof of Reserve (PoR) and Chainlink Automation, BENQI enhances security measures to protect user funds by swiftly responding to anomalies and discrepancies in asset reserves. In recent developments, BENQI has introduced liquid staking on Avalanche, presenting a solution to the complexities associated with maintaining staking infrastructure. By enabling users to connect with efficient validators on the Avalanche network,…

Technical analysis of AVAX suggests a bearish sentiment, with the price dipping below key moving averages and exhibiting bearish signals on indicators like MACD and RSI. After the recent AVAX price fall, the key resistance levels are at $39.95, $50.80, and $59.99 respectively. After a strong run-up earlier this year, Avalanche’s native cryptocurrency AVAX has been facing strong selling pressure over the past week trading 23% down. However, the recent bounce back in the broader crypto market has helped to…

Toncoin spikes 36% in a week, and experts believe the uptrend will continue. Avalanche surges 2% in a week, and experts expect the bullish trend to persist. Rebel Satoshi’s $RECQ attracts more investors after jumping 85% and promising more gains. Top crypto coins like Toncoin (TON) and Avalanche (AVAX) have performed well over the past week. Consequently, investors have started considering these tokens as potential investments. Meanwhile, experts believe Rebel Satoshi’s $RECQ token has the best growth potential.  Why do…

Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing. Technical Indicators Suggest A Bearish Trend For Avalanche Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the trend…

Avalanche whales accumulate over 50 million AVAX tokens. Toncoin (TON) price rallied by over 133% last month. DTX Exchange (DTX) begins its presale on a high note. 2024 has brought a few lucrative crypto projects to the front, and DTX Exchange (DTX) is the best among them. This new project has won investors’ trust with its unique business plan. Holders of Avalanche (AVAX) and Toncoin (TON) are also heavily investing in DTX Exchange (DTX) for better gains this year. Avalanche…