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Avalanche (AVAX) Turns Its Course Up!
Avalanche (AVAX), which made an uptrend after receiving a reaction from an important support zone, became the second most rising coin of the day.
Avalanche (AVAX), which made an uptrend after receiving a reaction from an important support zone, became the second most rising coin of the day. Considering the big time frame, AVAX, which came to a critical support zone ($ 12.25), caught buyers from here and increased by 12.64 percent. The major coin, which has been making voluminous price movements after a long break, seems to have targeted the next resistance.
After touching $12.25, AVAX, where buyers dominate, can target 14.56 – 16.59 – 18.46 and 20.21 dollars, respectively, if it can continue its momentum. But the $16.59 region will be decisive for the popular coin. In this price range, which is critical for the short-to-medium term, the buyer-seller war may get bigger.
A decrease in the strength in the pair or a FUD news from the Avalanche ecosystem may bring the price down. The levels that can be followed as support for AVAX in this scenario are $12.59 – 12.25 – 11.81 – $11.16 and $10.02, respectively. $10.02 could start a fresh sell-off in AVAX if it breaks to the downside.
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