{"id":546801,"date":"2023-08-11T07:19:16","date_gmt":"2023-08-11T07:19:16","guid":{"rendered":"https:\/\/wncen.com\/?p=546801"},"modified":"2024-06-11T14:39:29","modified_gmt":"2024-06-11T14:39:29","slug":"turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/","title":{"rendered":"Turbulent AVAX Price Trends And Fading Trading Activity &#8211; What To Expect"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Avalanche (AVAX) has found itself ensnared within a critical price zone, grappling with a lackluster trading volume that has hindered its price action. The coin&#8217;s journey has been fraught with challenges as market sentiment takes a bearish stance, casting shadows over its potential upward trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent attempt at a bullish surge, stemming from the $11 support level, encountered a formidable obstacle at the $15.8 resistance level. This pivotal juncture proved to be an insurmountable barrier, leading to an abrupt price rejection.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The consequence of this rejection has been instrumental in preserving AVAX&#8217;s bearish market structure, leaving traders and investors grappling with uncertainty.<\/span><\/p>\n<h2><strong>AVAX Long\/Short Ratio Signals Predominance Of Sellers<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">On closer examination of the trading landscape, the long\/short ratio in the four-hour timeframe reveals a striking imbalance in favor of sellers. Data sourced from <\/span><a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coinglass<\/span><\/a><span style=\"font-weight: 400\"> paints a telling picture, with a staggering 56.5% of open contracts adopting short positions.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-546816 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-54.png?resize=625%2C386\" alt=\"\" width=\"625\" height=\"386\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-54.png?w=625 625w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-54.png?w=460 460w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\"><\/p>\n<p>&nbsp;<\/p>\n<pre style=\"text-align: center\">Source: <a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow\">Coinglass<\/a><\/pre>\n<p><span style=\"font-weight: 400\">This lopsided ratio serves as a clear indication that a significant cohort of market participants anticipates AVAX&#8217;s downward trajectory to persist, amplifying the prevailing bearish sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The culmination of these factors has translated into AVAX&#8217;s current price of $12.46, as reported by <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">. Over the past 24 hours, the cryptocurrency has experienced a modest decline of 0.6%, reflective of the prevailing market volatility. <\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-546806\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?resize=1024%2C52\" alt=\"\" width=\"1024\" height=\"52\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?w=1136 1136w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-52.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">AVAX price today. Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">Furthermore, the seven-day trend highlights a marginal contraction of 0.2%, further underscoring the turbulent nature of AVAX&#8217;s recent price movements.<\/span><\/p>\n<h2><strong>Uncertainty Looms As Sellers Maintain Grip<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As AVAX navigates this challenging phase, uncertainty looms large over its immediate future. The lack of trading volume has left the cryptocurrency vulnerable to sudden and sharp price fluctuations, while the prevailing bearish sentiment continues to deter potential investors from entering the market.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/xrp-to-hit-21-by-2025-analyst\/\" target=\"_blank\" rel=\"noopener \">XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 \u2013 Analyst<\/a><\/div>\n<p><span style=\"font-weight: 400\">In this climate of uncertainty, all eyes remain fixated on the interplay between support and resistance levels., According to a recent <\/span><a href=\"https:\/\/ambcrypto.com\/sloppy-price-action-declining-volume-whats-next-for-avax\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price analysis<\/span><\/a><span style=\"font-weight: 400\">, the token&#8217;s ability to transcend the $15.8 resistance level will likely dictate its trajectory moving forward.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/8VZphxJx\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">AVAX market cap at $4.2 billion today. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Should this barrier be breached, it could instill newfound confidence among traders, potentially mitigating the bearish grip that currently envelopes the market sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">AVAX finds itself at a critical crossroads, grappling with a lack of trading volume and a prevailing bearish sentiment. The recent price rejection has sustained the cryptocurrency&#8217;s bearish market structure, with the long\/short ratio skewing significantly towards sellers.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/rising-star-hedera-hbar-and-its-11-climb-a-closer-look\/\" target=\"_blank\" rel=\"noopener \">Rising Star Hedera (HBAR) And Its 11% Climb \u2013 A Closer Look<\/a><\/div>\n<p><span style=\"font-weight: 400\">As AVAX treads cautiously through this uncertain terrain, the cryptocurrency community watches, eager to discern whether the current challenges will pave the way for a resurgence or further deepen its bearish trajectory.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from Token Gamer<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche (AVAX) has found itself ensnared within a critical price zone, grappling with a lackluster trading volume that has hindered its price action. The coin&#8217;s journey has been fraught with challenges as market sentiment takes a bearish stance, casting shadows over its potential upward trajectory. The recent attempt at a bullish surge, stemming from the $11 support level, encountered a formidable obstacle at the $15.8 resistance level. This pivotal juncture proved to be an insurmountable barrier, leading to an abrupt price rejection.\u00a0 The consequence of this rejection has been instrumental in preserving AVAX&#8217;s bearish market structure, leaving traders and investors grappling with uncertainty. AVAX Long\/Short Ratio Signals Predominance Of Sellers On closer examination of the trading landscape, the long\/short ratio in the four-hour timeframe reveals a striking imbalance in favor of sellers. Data sourced from Coinglass paints a telling picture, with a staggering 56.5% of open contracts adopting short positions. &nbsp; Source: Coinglass This lopsided ratio serves as a clear indication that a significant cohort of market participants anticipates AVAX&#8217;s downward trajectory to persist, amplifying the prevailing bearish sentiment. The culmination of these factors has translated into AVAX&#8217;s current price of $12.46, as reported by CoinGecko. Over the past 24 hours, the cryptocurrency has experienced a modest decline of 0.6%, reflective of the prevailing market volatility. AVAX price today. Source: Coingecko Furthermore, the seven-day trend highlights a marginal contraction of 0.2%, further underscoring the turbulent nature of AVAX&#8217;s recent price movements. Uncertainty Looms As Sellers Maintain Grip As AVAX navigates this challenging phase, uncertainty looms large over its immediate future. The lack of trading volume has left the cryptocurrency vulnerable to sudden and sharp price fluctuations, while the prevailing bearish sentiment continues to deter potential investors from entering the market. Related Reading: XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 \u2013 Analyst In this climate of uncertainty, all eyes remain fixated on the interplay between support and resistance levels., According to a recent price analysis, the token&#8217;s ability to transcend the $15.8 resistance level will likely dictate its trajectory moving forward. AVAX market cap at $4.2 billion today. Chart: TradingView.com Should this barrier be breached, it could instill newfound confidence among traders, potentially mitigating the bearish grip that currently envelopes the market sentiment. AVAX finds itself at a critical crossroads, grappling with a lack of trading volume and a prevailing bearish sentiment. The recent price rejection has sustained the cryptocurrency&#8217;s bearish market structure, with the long\/short ratio skewing significantly towards sellers. Related Reading: Rising Star Hedera (HBAR) And Its 11% Climb \u2013 A Closer Look As AVAX treads cautiously through this uncertain terrain, the cryptocurrency community watches, eager to discern whether the current challenges will pave the way for a resurgence or further deepen its bearish trajectory. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Token Gamer<\/p>\n","protected":false},"author":557,"featured_media":546813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[142,9885,86413,1144,8686,4735],"class_list":["post-546801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-altcoins","tag-avalanche","tag-avax-price","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\n<title>Turbulent AVAX Price Trends And Fading Trading Activity<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) has found itself ensnared within a critical price zone, grappling with a lackluster trading volume that has hindered its price action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turbulent AVAX Price Trends And Fading Trading Activity\" \/>\n<meta property=\"og:description\" content=\"Avalanche (AVAX) has found itself ensnared within a critical price zone, grappling with a lackluster trading volume that has hindered its price action.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-11T07:19:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:39:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-53.png?fit=845%2C382\" \/>\n\t<meta property=\"og:image:width\" content=\"845\" \/>\n\t<meta property=\"og:image:height\" content=\"382\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Turbulent AVAX Price Trends And Fading Trading Activity &#8211; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Turbulent AVAX Price Trends And Fading Trading Activity &#8211; What To Expect","url":"http:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-53.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-53.png?fit=845%2C382"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","avalanche","avax price","btcusd","ethusd","price action"],"dateCreated":"2023-08-11T07:19:16Z","datePublished":"2023-08-11T07:19:16Z","dateModified":"2024-06-11T14:39:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Turbulent AVAX Price Trends And Fading Trading Activity &#8211; What To Expect\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/turbulent-avax-price-trends-and-fading-trading-activity-what-to-expect\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-53.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-53.png?fit=845%2C382\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"avalanche\",\"avax price\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-08-11T07:19:16Z\",\"datePublished\":\"2023-08-11T07:19:16Z\",\"dateModified\":\"2024-06-11T14:39:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-53.png?fit=845%2C382","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=546801"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/546813"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=546801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=546801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=546801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}