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Avax Technical Analysis: Hard Exam in 200-Day Average

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Avax, which ranks 16th behind the leading cryptocurrency Bitcoin, continues to move with Bitcoin like all other altcoins. Avalanche, which experienced an increase of close to 10% two days ago, accompanied the sale in Bitcoin yesterday. Avalanche started the day at the $ 19.94 level yesterday and closed at $ 18.59, decreasing by 6.77%.

At the time of writing, Avax is trading at $19.03, with a daily increase of 2.37%.

Avax Technical Analysis: Hard Exam in 200-Day Average = Daily Token News

Avax Chart Analysis

Avalanche, which retreated to the EMA55 support point with the selling pressure in Bitcoin a few days ago, tested the EMA200 level of $ 20.23 yesterday with the hard buys experienced later. Unable to stay above this resistance value, Avalanche faced hard selling from this point. In Avax, which is experiencing a pullback, the daily $19.98 and $20.23 levels of EMA200 can be followed as the first resistance points, while the levels of $18.80, which is EMA5, and $18.76, which is EMA21, can be observed as the first support points.

Avax Chart Analysis
Avax Technical Analysis: Hard Exam in 200-Day Average 11

This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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