spot_imgspot_imgspot_img

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

12-Hour AVAX/USD Price Chart
12-Hour AVAX/USD Price Chart

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

3-Hour AVAX/USD Price Chart
3-Hour AVAX/USD Price Chart

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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.

Jeff Bezos Sparks Bitcoin Investment Rumors: A New High-Profile Player?

The cryptocurrency community is abuzz with speculation that Amazon founder Jeff Bezos could be making a significant move into Bitcoin, following a series of financial maneuvers and a high-profile meeting with Michael Saylor.

Solana Trader’s Astounding 4,530x Return on WIF Ignites Crypto Community Buzz

A Solana trader's incredible return on investment with dogwifhat (WIF) captivates the crypto world, spotlighting the high-reward potential of meme coins within the Solana ecosystem.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.