{"id":540809,"date":"2023-07-03T08:55:38","date_gmt":"2023-07-03T08:55:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540809"},"modified":"2023-07-03T08:08:47","modified_gmt":"2023-07-03T08:08:47","slug":"avax-price-rumble-stalls","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/avax-price-rumble-stalls\/","title":{"rendered":"Why AVAX Price Rumble Stalls Despite Surge In Daily Activity"},"content":{"rendered":"

Avalanche (AVAX) has been experiencing a surge in daily activity, with traders and investors eagerly observing its progress. The crypto community had high hopes for the AVAX price to surpass the $14 mark, signifying a significant milestone in the asset’s growth.\u00a0<\/span><\/p>\n

However, despite the increased interest and activity surrounding the crypto, the price failed to breach the elusive barrier. This unexpected development has left many wondering about the underlying factors contributing to this stagnation in price movement.<\/span><\/p>\n

What\u2019s going on with AVAX?<\/span><\/p>\n

Related Reading: Solana Firedancer: 15% Rally Fueled By Ongoing Network Improvements<\/a><\/div>\n

Surge In Daily Activity Fails To Propel AVAX\u00a0<\/strong><\/h2>\n

The current AVAX price on <\/span>CoinGecko<\/span><\/a> stands at $13.26, showcasing a 2.9% rally over the last 24 hours. However, despite this recent uptick, the asset has also experienced a 0.9% decline in the past seven days.<\/span><\/p>\n

 \"\"Source: Coingecko<\/pre>\n
Avalanche witnessed an impressive surge in daily activity, yet this accomplishment did not translate into the expected boost for AVAX to break through the critical $14 resistance level.<\/span><\/p>\n
According to a <\/span>price report<\/span><\/a>, AVAX\u00a0 has been experiencing a series of lower lows since mid-April, signaling a strong downtrend. During this period, the Relative Strength Index (RSI) has remained below or just slightly above the neutral position, indicating muted buying pressure in the market.<\/span><\/p>\n
\"\"<\/p>\n
AVAX 7-day price movement. Source: CoinMarketCap<\/pre>\n
Currently, the RSI hovers around the neutral level, signifying a more balanced market sentiment. However, the Money Flow Index (MFI) has crossed the mid-level point, suggesting a recent easing of buying pressure while notable trading volume remains.\u00a0<\/span><\/p>\n
Given the current technical indicators and market conditions, AVAX’s price is likely to consolidate within the range of $12 to $13.5 in the coming days.<\/span><\/p>\n
Bitcoin\u2019s Consolidation Above $30,000 Affects AVAX Price<\/strong><\/h2>\n
Bitcoin’s prolonged consolidation above the $30,000 level has played a significant role in shaping the broader cryptocurrency market sentiment, including AVAX’s price movement. As one of the leading digital assets, Bitcoin often sets the tone for the overall market, impacting investor confidence and risk appetite.<\/span><\/p>\n
<\/p>\n
AVAX market cap below the $5 billion mark. Chart: TradingView.com<\/a><\/pre>\n
The prolonged sideways movement of Bitcoin has resulted in a cautious approach among traders and investors. With uncertainty prevailing in the market, many participants have adopted a wait-and-see stance, leading to subdued trading activity and limited buying pressure for AVAX and other altcoins.<\/span><\/p>\n
Related Reading:  Polygon 2.0 Upgrade \u2013 Potential Bullish Implication<\/a><\/div>\n
Moreover, <\/span>Bitcoin’s role<\/span><\/a> as a key trading pair on various exchanges further solidifies its influence on AVAX’s price dynamics. <\/span>As traders often use BTC as a reference point for their altcoin trades, Bitcoin price fluctuations can trigger ripple effects across the entire cryptocurrency landscape, amplifying price movements in both positive and negative directions.<\/p>\n
Featured image from David Jackson\/Park Record<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
Avalanche (AVAX) has been experiencing a surge in daily activity, with traders and investors eagerly observing its progress. The crypto community had high hopes for the AVAX price to surpass the $14 mark, signifying a significant milestone in the asset’s growth.\u00a0 However, despite the increased interest and activity surrounding the crypto, the price failed to breach the elusive barrier. This unexpected development has left many wondering about the underlying factors contributing to this stagnation in price movement. What\u2019s going on with AVAX? Related Reading: Solana Firedancer: 15% Rally Fueled By Ongoing Network Improvements Surge In Daily Activity Fails To Propel AVAX\u00a0 The current AVAX price on CoinGecko stands at $13.26, showcasing a 2.9% rally over the last 24 hours. However, despite this recent uptick, the asset has also experienced a 0.9% decline in the past seven days. Source: Coingecko Avalanche witnessed an impressive surge in daily activity, yet this accomplishment did not translate into the expected boost for AVAX to break through the critical $14 resistance level. According to a price report, AVAX\u00a0 has been experiencing a series of lower lows since mid-April, signaling a strong downtrend. During this period, the Relative Strength Index (RSI) has remained below or just slightly above the neutral position, indicating muted buying pressure in the market. AVAX 7-day price movement. Source: CoinMarketCap Currently, the RSI hovers around the neutral level, signifying a more balanced market sentiment. However, the Money Flow Index (MFI) has crossed the mid-level point, suggesting a recent easing of buying pressure while notable trading volume remains.\u00a0 Given the current technical indicators and market conditions, AVAX’s price is likely to consolidate within the range of $12 to $13.5 in the coming days. Bitcoin\u2019s Consolidation Above $30,000 Affects AVAX Price Bitcoin’s prolonged consolidation above the $30,000 level has played a significant role in shaping the broader cryptocurrency market sentiment, including AVAX’s price movement. As one of the leading digital assets, Bitcoin often sets the tone for the overall market, impacting investor confidence and risk appetite. AVAX market cap below the $5 billion mark. Chart: TradingView.com The prolonged sideways movement of Bitcoin has resulted in a cautious approach among traders and investors. With uncertainty prevailing in the market, many participants have adopted a wait-and-see stance, leading to subdued trading activity and limited buying pressure for AVAX and other altcoins. Related Reading: Polygon 2.0 Upgrade \u2013 Potential Bullish Implication Moreover, Bitcoin’s role as a key trading pair on various exchanges further solidifies its influence on AVAX’s price dynamics. As traders often use BTC as a reference point for their altcoin trades, Bitcoin price fluctuations can trigger ripple effects across the entire cryptocurrency landscape, amplifying price movements in both positive and negative directions. Featured image from David Jackson\/Park Record<\/p>\n","protected":false},"author":557,"featured_media":540815,"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":[142,9885,86413,1144,8686,4735],"class_list":["post-540809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-avalanche","tag-avax-price","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nWhy AVAX Price Rumble Stalls Despite Surge In Daily Activity<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) has been experiencing a surge in daily activity, with traders and investors eagerly observing its progress. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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":"Why AVAX Price Rumble Stalls Despite Surge In Daily Activity","url":"http:\/\/ktsl888.com\/news\/avax-price-rumble-stalls\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/avax-price-rumble-stalls\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-10.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-10.png?fit=1017%2C675"},"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":["altcoins","avalanche","avax price","btcusd","ethusd","price action"],"dateCreated":"2023-07-03T08:55:38Z","datePublished":"2023-07-03T08:55:38Z","dateModified":"2023-07-03T08:55:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why AVAX Price Rumble Stalls Despite Surge In Daily Activity\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avax-price-rumble-stalls\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/avax-price-rumble-stalls\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-10.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-10.png?fit=1017%2C675\"},\"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\":[\"altcoins\",\"avalanche\",\"avax price\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-07-03T08:55:38Z\",\"datePublished\":\"2023-07-03T08:55:38Z\",\"dateModified\":\"2023-07-03T08:55:38Z\"}<\/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\/2023\/07\/a-10.png?fit=1017%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540809"}],"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=540809"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/540815"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=540809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=540809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=540809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}