{"id":512515,"date":"2022-12-15T11:53:22","date_gmt":"2022-12-15T16:53:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=512515"},"modified":"2022-12-15T12:00:13","modified_gmt":"2022-12-15T17:00:13","slug":"avax-eyes-next-resistance-is-it-time-to-go-long","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/algorand-algo\/avax-eyes-next-resistance-is-it-time-to-go-long\/","title":{"rendered":"AVAX Eyes The Next Resistance, Is It Time To Go Long?"},"content":{"rendered":"
The Avalanche (AVAX) price has been undetermined for quite a number of weeks now. The altcoin is now logging gains on the daily chart as it rose over 3% in that time frame. The coin shows signs of optimism ever since it moved up from the $12.90 support mark.<\/p>\n
The technical outlook for AVAX displayed signs of demand and buy signals for traders. If demand continues to rise and buying sentiment increases over the immediate trading sessions, the chance of AVAX piercing through other resistance levels will strengthen further.<\/p>\n
As the coin continues to secure higher highs and higher lows, the bulls still remain in charge of the asset. However, if AVAX starts to consolidate below the $13 price level, then the altcoin can register depreciation.<\/p>\n
Progressive price momentum demands AVAX breach the $14.30 resistance mark. Once AVAX successfully manages to challenge that level, the bulls will stick around for longer. The market capitalisation of the altcoin already registered an upsurge which is tied to an increase in accumulation.<\/p>\n