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 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.
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.
You may be interested in: What Is CryptMi Token? Discovering Its Advantages