Avax, which could not pass the resistance at $ 22 for about two weeks and ended the upward trend at $ 10.65, took a sigh of relief by stopping the decline it started with the inflation data from the USA. Avax closed the day at $18.14, with an increase of 2.89% after the inflation data received yesterday. At the time of writing, it is trading at $18.19, with a daily gain of 0.28%.
AVAX chart analysis
Facing a hard sell by failing to pass the $22 resistance level, Avax has lost nearly 25% in value in the last two weeks and tried to break the EMA55 support level down for two days. In Avax, where purchases increased after inflation from the USA, the EMA55 level of $ 17.08 appears as a significant support point. The upward EMA 5 level at $18.14 and EMA21 level at $18.59 are the first resistance points.
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