AVAX, in 16th place behind Bitcoin, took its position above $ 20 from $ 17 with purchases from the EMA 55 level, especially in AVAX, which closed above the 200-day average of 20.23 yesterday, when the eyes will go to the next resistance. It is essential for the coin that AVAX, which saw these levels at the beginning of February and then fell, remains above the 200-day average. Starting at $19.80 yesterday, AVAX closed the day at $20.82, with an increase of 5.10%.
At the time of writing, AVAX is trading at $20.77, with a daily decrease of 0.24%.
AVAX Chart Analysis
As can be seen from the chart, AVAX, which has exceeded the 200-day average in the past weeks, has retreated to the EMA55 level, which is $17 support, with the sales from here. AVAX, where my purchases on the Bitcoin side were positively reflected, took its place above $ 20 from $ 17. The next target of AVAX, which closed above the EMA200 yesterday, can be followed as $21.62, which it has tried many times before. If this resistance is broken, the target can be updated to 22.79. For possible pullbacks, the most significant support is the EMA200 level at $20.24 and the EMA5 at $20.16.
This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when deciding.
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