AVAX Price Prediction: Is a Rise to $11 Starting? August 27 AVAX Analysis

  • AVAX is trading near the $10.26 resistance level on the 2-hour chart.
  • Closing above $10.26 carries the potential for an upward movement towards the yellow zone.
  • Selling pressure from the yellow resistance zone could extend the decline to $10.13.

When examining AVAX’s 2-hour technical analysis, it can be seen that it is trading near the $10.26 resistance level. If AVAX closes above $10.26, it has the potential to carry its upward movement to the yellow zone.

Medium-Term AVAX Analysis

Daily AVAX/USD Price Chart

When examining AVAX’s daily technical analysis, an upward movement can be observed after the long-term liquidity cleanse at the $10 level. If AVAX continues to close above $10 on a daily basis, it may aim to carry its upward movement towards $10.74 initially.

If AVAX achieves daily closings above $10.74, it may show a desire to move towards its next target of $11. If closings above this level continue, it has the potential to extend its upward movement to $11.40 and then $12.

However, if AVAX fails to surpass the $11 resistance, it may extend the downward trend back to $10. It is important to closely monitor any selling reactions that may occur around the $11 level.

Short-Term AVAX Analysis

2-Hour AVAX/USD Price Chart
2-Hour AVAX/USD Price Chart

When examining AVAX’s 2-hour technical analysis, it can be observed that it is trading near the $10.26 resistance level. If AVAX achieves 2-hour closings above $10.26, it may have the intention to move towards the designated yellow zone.

However, if AVAX encounters selling pressure from the yellow resistance zone, it may extend its decline to the $10.13 level. However, if it encounters strong buying demand at this support level, it may have the potential to initiate its upward movement from this zone and reach up to $10.80.

If AVAX surpasses the $10.56 resistance, it should consider the next target of $11.07.

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

BREAKING NEWS

UPBIT Adds Ravencoin (RVN) to KRW Market

UPBIT Adds Ravencoin (RVN) to KRW Market $RVN #Ravencoin

James Wynn Faces $100 Million Loss as LIBRA Token Insider Leak Sparks Crypto Fundraiser

COINOTAG News reported on June 5th that prominent crypto...

China May services grow despite Trump’s tariffs uncertainty

China May services grow despite Trump's tariffs uncertainty

Whale Recovers by Adding 1341 ETH to Leveraged Position Amid $13M Accumulation on Ethereum

On-chain data reveals a significant move by a prominent...

Upbit’s BTC/KRW Trading Pair Tops Korean Won Market with $14.96 Billion Volume, CoinGecko Reports

According to CoinGecko data on June 5th, Upbit recorded...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img