{"id":497329,"date":"2022-08-02T15:10:32","date_gmt":"2022-08-02T15:10:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=497329"},"modified":"2024-06-11T14:22:06","modified_gmt":"2024-06-11T14:22:06","slug":"avax-still-in-crimson-territory","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/avax-still-in-crimson-territory\/","title":{"rendered":"AVAX Still In Crimson Territory As Rejection At $25 Forms"},"content":{"rendered":"

Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX\/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18.<\/span><\/p>\n

As of this writing, the AVAX\/USD pair dipped to a new low that registered at $23.33 following a bearish overturn. Even though the token has spotted support at $23.18, the bulls are unable to thrust the price higher.<\/span><\/p>\n

Related Reading: Dogecoin Price Spikes \u2013 Unsurprisingly \u2013 After This Tweet From Elon Musk<\/a><\/div>\n

Avalanche Price Down By 5.70% Overnight<\/b><\/h2>\n

Currently, the AVAX\/USD pair is experiencing resistance at around $25.15. More so, the pair is seen to plunge further in the coming days. The price has nosedived by 5.70% overnight with its market cap now at $6,638,597,842. Further, the coin\u2019s 24-hour trading volume registered at $536 million.<\/span><\/p>\n

On a 24-hour chart, the market is seen to be experiencing rejections spotted at $25.15 following a consolidation period. The prices also appeared stuck in the range of $23.18 to $25.15. Meanwhile, it\u2019s likely that the market will go up once the coin breaches above the range.<\/span><\/p>\n

With that being said, investors should keep an eye on a breach that will punch through the resistance level of $25.15 or a break below the support line of $23.18 that enable entry into new positions.<\/span><\/p>\n

The pair shows an RSI of 52.63 and is currently fighting off resistance imminent at the $25.15 zone. It could be hovering over the overbought levels which show a short-term bearish momentum. The technical indicators show that the market is experiencing a bearish movement and a potential breach that shoots over $25.15 could lead to an increase in prices.<\/span><\/p>\n

AVAX\/USD Pair Dipped In Bearish Waters<\/b><\/h2>\n

The AVAX\/USD pair\u2019s MACD or Moving Average Convergence Divergence is swimming in bearish waters which translates to a bearish market. Moreover, the Bollinger Bands appear to swing close to one another indicating that the market is tipping on a consolidation rock.<\/span><\/p>\n

Further, the 4-hour price chart for AVAX price reveals that the market is dreadfully bearish. In fact, prices have dropped tremendously as seen in the past couple of days as it feels like the coin is in a limbo state.<\/span><\/p>\n

The decrease in AVAX volume also indicates the waning of investor interest and could nosedive in the short term. The critical support level for the AVAX\/USD pair is at $23 and it\u2019s likely that the market will slide further down to this level.<\/span><\/p>\n

In general, AVAX price is showing a complete drop that will continue to bottom out in the short term.<\/span><\/p>\n

Related Reading: DOT Clamping On $8 Support Crucial To Maintain Bullish Pace<\/a><\/div>\n

<\/p>\n

AVAX total market cap at $6.4 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from The Daily Hodl, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX\/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18. As of this writing, the AVAX\/USD pair dipped to a new low that registered at $23.33 following a bearish overturn. Even though the token has spotted support at $23.18, the bulls are unable to thrust the price higher. Avalanche Price Down By 5.70% Overnight Currently, the AVAX\/USD pair is experiencing resistance at around $25.15. More so, the pair is seen to plunge further in the coming days. The price has nosedived by 5.70% overnight with its market cap now at $6,638,597,842. Further, the coin\u2019s 24-hour trading volume registered at $536 million. On a 24-hour chart, the market is seen to be experiencing rejections spotted at $25.15 following a consolidation period. The prices also appeared stuck in the range of $23.18 to $25.15. Meanwhile, it\u2019s likely that the market will go up once the coin breaches above the range. With that being said, investors should keep an eye on a breach that will punch through the resistance level of $25.15 or a break below the support line of $23.18 that enable entry into new positions. The pair shows an RSI of 52.63 and is currently fighting off resistance imminent at the $25.15 zone. It could be hovering over the overbought levels which show a short-term bearish momentum. The technical indicators show that the market is experiencing a bearish movement and a potential breach that shoots over $25.15 could lead to an increase in prices. AVAX\/USD Pair Dipped In Bearish Waters The AVAX\/USD pair\u2019s MACD or Moving Average Convergence Divergence is swimming in bearish waters which translates to a bearish market. Moreover, the Bollinger Bands appear to swing close to one another indicating that the market is tipping on a consolidation rock. Further, the 4-hour price chart for AVAX price reveals that the market is dreadfully bearish. In fact, prices have dropped tremendously as seen in the past couple of days as it feels like the coin is in a limbo state. The decrease in AVAX volume also indicates the waning of investor interest and could nosedive in the short term. The critical support level for the AVAX\/USD pair is at $23 and it\u2019s likely that the market will slide further down to this level. In general, AVAX price is showing a complete drop that will continue to bottom out in the short term. AVAX total market cap at $6.4 billion on the daily chart | Source: TradingView.com Featured image from The Daily Hodl, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[9885,83347,86413,1144,65296,8686],"class_list":["post-497329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avax","tag-avax-price","tag-btcusd","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\nAVAX Still In Crimson Territory As Rejection At $25 Forms<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) price lingers further in the red. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"AVAX Still In Crimson Territory As Rejection At $25 Forms","url":"http:\/\/ktsl888.com\/news\/avax-still-in-crimson-territory\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/avax-still-in-crimson-territory\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/AVAX.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/AVAX.png?fit=768%2C386"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche","avax","avax price","btcusd","ethbtc","ethusd"],"dateCreated":"2022-08-02T15:10:32Z","datePublished":"2022-08-02T15:10:32Z","dateModified":"2024-06-11T14:22:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"AVAX Still In Crimson Territory As Rejection At $25 Forms\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avax-still-in-crimson-territory\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avax-still-in-crimson-territory\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/AVAX.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/AVAX.png?fit=768%2C386\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche\",\"avax\",\"avax price\",\"btcusd\",\"ethbtc\",\"ethusd\"],\"dateCreated\":\"2022-08-02T15:10:32Z\",\"datePublished\":\"2022-08-02T15:10:32Z\",\"dateModified\":\"2024-06-11T14:22:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/AVAX.png?fit=768%2C386","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=497329"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/497330"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=497329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=497329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=497329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}