⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

AVAX Whales Could Be Waiting for This Critical Level! July 23 AVAX Analysis

  • In AVAX’s 2-hour technical chart, it is observed that there is buying demand at the level of $13.23 and there is potential for an increase up to $14.16.
  • However, it is important for it to maintain sustainability above the resistance level of $13.67 for this increase, and closing below the level of $13.24 can strengthen the downward trend.
  • In AVAX’s daily chart, the nearest support zone is seen as $13.13, and it is important for the price to hold above this support for a new increase up to $15.45.

By focusing on Solana‘s daily and 2-hour technical charts, it can be seen that important support and resistance levels are crucial for investors in analyzing the possible future movements of AVAX price.

Medium-Term AVAX Price Chart

Daily AVAX/USD Price Chart

When examining AVAX’s daily technical chart, it can be seen that the nearest support zone is at the level of $13.13. AVAX price, reaching this support zone with the downward movement it made yesterday, has risen to the level of $13.55 with the support of buying reactions.

If AVAX price continues to close above the mentioned support zone on a daily basis, it can continue its rise up to $15.45. However, if AVAX performs daily candle closures below the level of $13.13, it can extend the downward movement to the mentioned level of $12.08.

Considering all these data, we predict that AVAX will rise from the support of $13.13 in the coming days and reach the level of $15.45. However, in case of daily candle closures below the level of $13.13, there is also a potential for the price to rise up to the level of $16 by starting the downward trend from the support of $12.08. Investors can shape their decisions by carefully monitoring these levels.

Short-Term AVAX Price Analysis

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

When examining AVAX’s 2-hour technical chart, it can be seen that there is buying demand at the level of $13.23. If AVAX price continues to close above the level of $13.23 on a 2-hour basis, it can continue its rise up to the level of $14.16. However, for this increase, it is necessary for AVAX to perform 2-hour candle closures and maintain sustainability above the resistance level of $13.67.

On the other hand, if AVAX price performs 2-hour candle closures below the level of $13.24, it can extend the downward trend to the level of $13. This is why it is crucial for AVAX to encounter strong buying demand in the support range of $13 – $12.90. If it initiates an upward movement from this support range, it can raise its price up to the level of $14.20.

Finally, if AVAX price performs 2-hour candle closures above the level of $14.40, it can extend its rise up to the resistance levels of $14.95.

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

BREAKING NEWS

White House Digital Asset Report Released with No Major Updates on Bitcoin Reserve Plan

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Dips Below $116,000 Before Rebounding to $117,365: Market Update July 31

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

TRUMP: TRADE DEAL WITH KOREA

TRUMP: TRADE DEAL WITH KOREA TRUMP: 350B IN INVESTMENTS, 100B...

SEC DELAYS STAKING FOR INVESCO GALAXY SPOT ETHEREUM ETF

SEC DELAYS STAKING FOR INVESCO GALAXY SPOT ETHEREUM ETF $ETH...

CANARY STAKED FILES FOR INJ ETF WITH CBOE

CANARY STAKED FILES FOR INJ ETF WITH CBOE $INJ #INJ

Invesco and Galaxy Digital File for Spot Solana ETF, Signaling Potential Institutional Interest

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Polkadot (DOT) Holds Key Support Zone With Potential for Breakout Toward $30+ If Structure Maintains

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Samourai Wallet Founders Plead Guilty to Unlicensed Money Transmitter Charges Amid Legal Debate

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

US Crypto Report Suggests Possible Regulatory Framework for Bitcoin Oversight and Stablecoin Policies

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

21Shares’ Updated Filing Suggests Possible Progress Toward a Spot Solana ETF Approval

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Fundamental Global’s $200M Ether Treasury Plan May Influence Market Despite Share Price Drop

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img