{"id":505755,"date":"2022-10-11T12:20:53","date_gmt":"2022-10-11T12:20:53","guid":{"rendered":"https:\/\/wncen.com\/?p=505755"},"modified":"2024-06-11T12:48:25","modified_gmt":"2024-06-11T12:48:25","slug":"avalanche-sits-on-a-time-bomb-as-price-eyes-10-will-price-escape-this","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avalanche-sits-on-a-time-bomb-as-price-eyes-10-will-price-escape-this\/","title":{"rendered":"Avalanche Sits On A Time Bomb As Price Eyes $10, Will Price Escape This?"},"content":{"rendered":"<ul>\n<li><strong><span data-preserver-spaces=\"true\">AVAX price continues to trend downwards as price remains bearish with price trading on key support.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">AVAX trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">The price of AVAX needs to break and hold above the key resistance of $30 to resume bullish price movement.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The price of Avalanche (AVAX) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $30 against tether (USDT). The previous weeks saw the crypto market cap as good as Bitcoin (BTC) prices and other crypto assets. Still, the price of Avalanche (AVAX) continues to struggle to join the green party as the price continues in its downtrend movement. (Data from Binance)\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><em><strong>Related Reading: <a href=\"https:\/\/wncen.com\/news\/why-shib-lost-its-energy-after-eternity-release\/\" target=\"_blank\" rel=\"noopener \">Why SHIB Price Lost Its Bullish Energy After Shiba Eternity Games\u2019 Release<\/a><\/strong><\/em><\/div>\n<h2><span data-preserver-spaces=\"true\">Avalanche (AVAX) Price Analysis On The Weekly Chart.<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite showing some great price movement in recent weeks with so many traders and investors becoming interested in the different projects being built on the Avalanche ecosystem, which could have been a huge boost for the price to trend higher but that wasn&#8217;t the case the price has struggled to trend higher than $30.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After the price of AVAX dropped to a weekly low of $15, the price rallied from this low to a high of $30, where the price faced resistance to breaking above this region to a height of $50 as the price was rejected and has since maintained a bearish price movement.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of AVAX bounced from $18 haven faced rejection from $22, but the price could not trend higher as the price continued to trend in a downtrend. If the price of AVAX continues in this trend, we could see the price retesting support area at $10.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the price of AVAX &#8211; $21.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly support for the price of AVAX &#8211; $15.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of AVAX On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_505782\" aria-describedby=\"caption-attachment-505782\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-505782\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/AVAXUSDT_2022-10-11_13-14-45.png?resize=860%2C569\" alt=\"\" width=\"860\" height=\"569\"><figcaption id=\"caption-attachment-505782\" class=\"wp-caption-text\">Daily AVAX Price Chart | Source: AVAXUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/uxdfyke8\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the daily timeframe, the price of AVAX continues to trade above key support formed in recent weeks when the price dropped from a region of $45 to a daily low of $15.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of AVAX continued in its downtrend, moving in a range as the price has formed a <a href=\"https:\/\/www.investopedia.com\/terms\/d\/descendingtriangle.asp#:~:text=What%20is%20a%20Descending%20Triangle,connects%20a%20series%20of%20lows.\" target=\"_blank\" rel=\"noopener nofollow\">descending triangle<\/a> with what looks like a break out to the upside could be imminent.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of AVAX needs to rally away from key support to avoid price dropping to a low of $10 if the price breaks to the downside of the descending triangle.\u00a0<\/span><\/p>\n<p>The relative strength index for the price of AVAX on the daily chart shows the price being dominated by sell orders as the mark is below 50.<\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the AVAX price &#8211; $18.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily support for the AVAX price &#8211; $15.<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\"><em><strong>Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-slides-russia-ukraine-war\/\" target=\"_blank\" rel=\"noopener \">TA: Bitcoin Price Slides Below Key Support Amid Russia-Ukraine War Escalation<\/a><\/strong><\/em><\/div>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\">Featured Image From The Coin Republic, Charts From Tradingview <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>AVAX price continues to trend downwards as price remains bearish with price trading on key support.\u00a0 AVAX trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs.\u00a0 The price of AVAX needs to break and hold above the key resistance of $30 to resume bullish price movement.\u00a0 The price of Avalanche (AVAX) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $30 against tether (USDT). The previous weeks saw the crypto market cap as good as Bitcoin (BTC) prices and other crypto assets. Still, the price of Avalanche (AVAX) continues to struggle to join the green party as the price continues in its downtrend movement. (Data from Binance)\u00a0 Related Reading: Why SHIB Price Lost Its Bullish Energy After Shiba Eternity Games\u2019 Release Avalanche (AVAX) Price Analysis On The Weekly Chart. Despite showing some great price movement in recent weeks with so many traders and investors becoming interested in the different projects being built on the Avalanche ecosystem, which could have been a huge boost for the price to trend higher but that wasn&#8217;t the case the price has struggled to trend higher than $30.\u00a0 After the price of AVAX dropped to a weekly low of $15, the price rallied from this low to a high of $30, where the price faced resistance to breaking above this region to a height of $50 as the price was rejected and has since maintained a bearish price movement. The price of AVAX bounced from $18 haven faced rejection from $22, but the price could not trend higher as the price continued to trend in a downtrend. If the price of AVAX continues in this trend, we could see the price retesting support area at $10. Weekly resistance for the price of AVAX &#8211; $21. Weekly support for the price of AVAX &#8211; $15. Price Analysis Of AVAX On The Daily (1D) Chart In the daily timeframe, the price of AVAX continues to trade above key support formed in recent weeks when the price dropped from a region of $45 to a daily low of $15.\u00a0 The price of AVAX continued in its downtrend, moving in a range as the price has formed a descending triangle with what looks like a break out to the upside could be imminent. The price of AVAX needs to rally away from key support to avoid price dropping to a low of $10 if the price breaks to the downside of the descending triangle.\u00a0 The relative strength index for the price of AVAX on the daily chart shows the price being dominated by sell orders as the mark is below 50. Daily resistance for the AVAX price &#8211; $18. Daily support for the AVAX price &#8211; $15. Related Reading: TA: Bitcoin Price Slides Below Key Support Amid Russia-Ukraine War Escalation Featured Image From The Coin Republic, Charts From Tradingview<\/p>\n","protected":false},"author":566,"featured_media":505781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84461,83347,86413],"class_list":["post-505755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche-avax","tag-avax","tag-avax-price"],"acf":[],"yoast_head":"\n<title>Avalanche Sits On A Time Bomb As Price Eyes $10, Will Price Escape This?<\/title>\n<meta name=\"description\" content=\"The price of Avalanche (AVAX) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $30.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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