• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Tuesday, June 3, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

AVAX Breaks the Rising Trend!

Ren Garcia by Ren Garcia
February 11, 2023
in Crypto
Reading Time: 1 min read
A A
0
AVAX Breaks the Rising Trend!
0
SHARES
3
VIEWS
FacebookTweetPinShareShare

The increase in selling pressure on Bitcoin after the news from the SEC affected altcoins more than Bitcoin. Bitcoin, which closed the day at $21796 with a loss of over 5% yesterday, showed a domino effect for other altcoins, causing them to retreat very quickly. AVAX, which was traded at $20.11 at the opening yesterday, closed the day with a loss of 10.99% at $17.90, showing that the bears are still playing an active role.

Interpretation of AVAX Chart

Interpretation of AVAX Chart

blockdag 70m

As can be seen from the chart, AVAX, which broke the rise that started from $ 12 to $ 20.40 and declined rapidly with the effects of selling pressure on the Bitcoin side, is currently trading at $ 18.15 with an increase of 1.40% at the time of writing. AVAX try to stay above EMA5 on a weekly basis, if the decline continues, we will see if the daily EMA55 (16.92) and EMA 100 (16.48) below will work as support, respectively, in the coming days. In the upward movement, EMA5 (19.04) and EMA 21 (18.99) dollars are seen as resistance.

AVAX Breaks the Rising Trend!

The articles written here are not within the scope of investment consultancy. They are only the interpretation of the graphics. You should not forget that the crypto market is very active and dangerous, and you can make big losses.

You may be interested in: Analysts Say Cryptocurrency Markets Could Experience a Recession

Tags: avalancheavaxavax chartcrypto market
Previous Post

Cryptocurrency Investors Prefer Exchanges To Wallets Despite Bankruptcies

Next Post

SEC Impact on Bitcoin

Ren Garcia

Ren Garcia

I am a personal finance reporter and markets reporter at Los Angeles/USA today. I graduated from San Jose State University, where I double majored in Business Administration and International Business.My passion is to create personal finance content that's empathetic and speaks my reader's language.Currently, I’am an author in different news channels as a financial journalist, simultaneously I am trying to gain new competencies in the subjects that I am interested in such as Venture Capital, Startups, FinTech, Payment methods and International banking.

Next Post
SEC Impact on Bitcoin

SEC Impact on Bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.