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

Ethereum Whale Sells 2000 ETH Amid Market Uptrend Despite Holding Losses

COINOTAG News reports that a significant Ethereum whale, identified...

Bitcoin Poised for Volatility Amid Central Bank Events and Whale Movements, Targeting $112,000

According to a recent report by Decrypt, market participants...

Massive SOL Movement: 1 Million SOL Redeemed and 240,000 SOL Deposited to Binance in Recent Days

According to recent data from LookIntoChain, two prominent wallets,...

Ethereum Whale’s 50,000 ETH Short Position Faces Shrinking Unrealized Gains Amid Market Volatility

According to data from HyperInsight, a prominent whale known...

Insider Trader Liquidates 8,000 ETH in $1 Million Loss Amid Massive 40x Short Position

On-chain data reveals a significant liquidation event involving a...

Robinhood EU Explodes With New Crypto and Stock Listings: Full List of Hot Stocks and Cryptos Just Added!

Robinhood EU unlocks access to dozens of major stocks and cryptos, including AAPL, AMZN, NVDA, ETHA, FBTC, RIOT, and more. Explore the complete list and seize fresh market opportunities now.
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img