AVAX's defense of $35 – Here's why this price level is so important
Total value locked (TVL) has vastly fallen since the 2021 highs of $11.44 billion.
Keep up with what's happening in the crypto world in real-time.
Total value locked (TVL) has vastly fallen since the 2021 highs of $11.44 billion.
Despite increased bullish sentiment in the crypto market, the Avalanche price has recorded a constant decline in its value. This highlights the increased bearish influence in the crypto space. Notably, with a double-digit weekly loss, the altcoin has lost its 11th position to Chainlink (LINK).
The price of Avalanche (AVAX) has been moving consistently between $32 and $45 since December 20, 2024. The price movement is consistent as the fluctuation ranges remain intact.
Avalanche's native token, AVAX, has been experiencing significant pressure, with bearish sentiment growing among traders. The altcoin has formed a negative price action pattern on the daily chart, and many are now predicting a price decline, especially as it struggles to maintain support at $35.
AVAX may be approaching a critical breakout zone, with analysts anticipating a significant 40% price swing.
The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the Avalanche blockchain on Thursday.
Despite a 14% drop, the AVAX crypto shows an increase in trading volume and accumulation of investors. Detailed analysis!
Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.
Contrary to expectations, the crypto market has largely experienced consolidation since Donald Trump's January 20 inauguration. Leading assets have remained range-bound, with little dramatic price movement.
Avalanche (AVAX) is expected to print a massive 40% in profit in the near future under the condition that it breaks out of the $33-$37 region.
AVAX shows contrasting market signals with a 14% monthly price decline to $36.03, while simultaneously experiencing increased trading volume of $472.5M and steady exchange outflows of 2.18M tokens, suggesting active accumulation at lower price levels.
AVAX could decline by 17% to reach the $28.50 level if it fails to hold the $34.50 level.
AVAX, the native token of Avalanche, seems bearish and is poised for a price decline as it has formed a bearish price action pattern on the daily time frame. However, the current market sentiment is quite unpredictable, with some cryptocurrencies witnessing price surges while others experience notable price declines.
Bitcoin is consolidating between $100,000 and $109,588, and charts currently indicate a higher chance of an upside breakout.
Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration's focus on technological advancement On Jan. 21, Emin Gün Sirer, founder of Ava Labs, shared optimism about the administration's emphasis on innovation, describing it as a timely push for transformative growth.
Crypto wealth management platform SwissBorg integrated Avalanche into its Meta-Exchange (MEX) to introduce one-click cross-chain trading functionality, according to a Jan. 21 statement shared with CryptoSlate. The integration will simplify users' interactions with blockchain networks and reduce the complexities that have often been an obstacle to adoption.
Avalanche (AVAX), the popular blockchain platform known for its high-speed and low-cost transactions, is currently consolidating within a symmetrical triangle pattern, signaling that the cryptocurrency could be gearing up for a significant price breakout. As AVAX trades near $38.98, its recent price movements and technical indicators suggest that a push toward $60 might be within reach in the coming weeks, if the right conditions hold.
AVAX consolidates within a symmetrical triangle, signaling a possible breakout toward $60.
The top cryptocurrencies to watch this week will be Terra Luna Classic (LUNC), Avalanche (AVAX), Fartcoin, Official Trump, and Solana
Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
AVAX hasn't caught the eye of many, when compared to other altcoins. At least not yet.
Solana price has surged this week, and the rising odds of a SOL ETF may push it higher this year. One way of taking advantage of SOL's price action is to invest in top Solana rivals that could replicate its success this year.
The market intelligence platform IntoTheBlock has explained why Avalanche (AVAX) could be a key network to watch in the cryptocurrency sector. Avalanche Has Been Witnessing Consistently High Activity Recently In a new post on X, IntoTheBlock has discussed about how two network-activity related metrics have been like for Avalanche recently.
Amid improving network health, the Avalanche price trend reveals a breakout possibility. Will this breakout run reach the $50 milestone?