AVAX Criticism Support Can Start the Rising Trend! August 2 AVAX Analysis

• In AVAX’s 12-hour chart, the price continues its downward trend by closing below the level of $13.13 and moving towards the level of $12.08.
• Coinotag analysts predict that the price may experience a decline towards the support range of $12.08 – $11.59 in the coming days, but there is potential for an increase to the levels of $14 and $15.45 with strong buying reactions.
• In AVAX’s 3-hour chart, the price can continue its upward trend towards the level of $13.37 by receiving support from the range of $12.12 – $13.35. However, closing above the level of $13.35 is important for the upward movement.

When we look at the technical chart of AVAX cryptocurrency, we see that the price continues to fluctuate between important support and resistance levels. Coinotag analysts make significant predictions about which direction the price may move in the near future.

Medium-Term AVAX Analysis

When we examine the 12-hour technical chart of Avax, we see that the price continues its downward movement by closing below the level of $13.13. In this case, as long as AVAX price stays below the level of $13.13, it can continue its decline towards the level of $12.08.

Coinotag analysts predict that the price may experience a decline towards the support range of $12.08 – $11.59 in the coming days. However, if AVAX price encounters strong buying reactions from the level of $12.08, it can first rise to the level of $14 and then to the level of $15.45.

On the other hand, if AVAX price closes below the level of $12.08 on a daily basis, it may want to continue its downward movement towards the range of $11.75 – $11.59. If it receives strong buying reactions from these levels, AVAX investors may want to start the upward trend from this area.

Short-Term AVAX Analysis

When we examine the 3-hour technical chart of AVAX, we observe that the price is moving close to an important support zone. As long as AVAX price continues to encounter strong buying reactions from the range of $12.12 – $13.35, it can start its upward movement from these levels and rise to the level of $13.37.

If AVAX price closes above the resistance of $13.37 on a 3-hour basis, the next upward target will be $14.10. However, it is necessary for the upward trend to start that it closes above the level of $13.35.

Additionally, when the hourly resistance is examined, if the price closes above the level of $12.80, it will increase the potential for an upward movement.