{"id":632948,"date":"2024-08-03T18:00:15","date_gmt":"2024-08-03T18:00:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=632948"},"modified":"2024-08-03T10:09:05","modified_gmt":"2024-08-03T10:09:05","slug":"avax-on-thin-ice-21-73-support-under-siege-whats-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/avax\/avax-on-thin-ice-21-73-support-under-siege-whats-next\/","title":{"rendered":"AVAX On Thin Ice: $21.73 Support Under Siege \u2013 What\u2019s Next?"},"content":{"rendered":"
Recent market activities for <\/span>Avalanche<\/span><\/a> (AVAX) indicate that the bears have gained control over the market, pushing the cryptocurrency toward a critical price target of $21.73. With the bears dominating and market sentiment leaning heavily toward further declines, the $21.73 level has become a key point of interest for market participants.<\/span><\/p>\n This analysis delves into AVAX’s current bearish trend by examining key technical indicators such as Moving Averages and the Moving Average Convergence Divergence (MACD). Additionally, it highlights the significance of the $21.73 support level and its <\/span>potential<\/span><\/a> impact on AVAX’s price movement<\/span><\/p>\n As of the time of writing, AVAX’s price has decreased by 4.67%, trading at approximately $23.75 over the past 24 hours. The cryptocurrency has a market capitalization of $9 billion and a trading volume of $331 million.\u00a0<\/span>AVAX’s\u00a0market cap<\/a> has declined by 6.37% in the past day<\/span>, while its trading volume has increased by 15.60%.<\/span><\/p>\n Avalanche has shown significant bearish strength, with multiple bearish candlesticks forming below the 4-hour 100-day Simple Moving Average (SMA). This indicates bearish dominance and suggests continued downward pressure, potentially leading to further declines toward $21.75.<\/span><\/p>\nAnalyzing Recent Price Trends And Performance Of AVAX<\/strong><\/h2>\n