Price analysis 1/24: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, AVAX, XLM
Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.
Keep up with what's happening in the crypto world in real-time.
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?
Bitcoin's recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.
The latest price analysis by Coinidol.com report, the price of Avalanche (AVAX) has ended its decline after hitting a low of $33 on December 20, 2024.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
AVAX faces continued selling pressure with key technical indicators pointing to further downside potential as price trades below crucial resistance at $40-$42 while approaching important support at $27.
Avalanche (AVAX), known for its lightning-fast blockchain transactions, is currently navigating a challenging phase in the cryptocurrency market. Trading at $36.72, the AVAX/USDT pair has been showing signs of a bearish trend, compounded by broader market pressures and technical resistance zones.
AVAX's short-term price action depends on a few key factors going forward.
The overall cryptocurrency market sentiment appears negative, amid this, Avalanche (AVAX) has gained significant attention from investors and whales, as reported by the on-chain analytics firm IntoTheBlock. Large Transactions Volume Soars by 71% Data from IntoTheBlock reveals that the large transaction volume on AVAX has surged by 71.09% in the past 24 hours.