ADVERTISEMENT
Monday, January 30, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Involve Africa
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
Involve Africa
No Result
View All Result
ADVERTISEMENT
Home Crypto News

Avalanche Shows Bullishness; Can AVAX Move Out of Consolidation?

Involve Africa by Involve Africa
July 30, 2022
in Crypto News
0
Avalanche Shows Bullishness; Can AVAX Move Out of Consolidation?
585
SHARES
3.2k
VIEWS
https://web.facebook.com/involveafricanews?_rdc=1&https://twitter.com/involveafricanews


Avalanche Shows Bullishness; Can AVAX Move Out of Consolidation

Avalanche is a relatively new blockchain with limited liquidity available in the markets, and this small availability makes it easier for buyers to manipulate the price trend. Of its total market capitalization of $6,726,270,126, only 39% of its 720 million tokens are available for trades. Of this small volume, there are multiple staking and holding wallets. The best way to neutralize such impacts on AVAX price is to increase the liquidity available in the markets. 

Offering services in smart contracts and similar domains as Ethereum, AVAX has established itself strongly amongst its competitors. Trading volume for the AVAX token has also improved, creating an ambient scenario for a breakout. However, transactional volumes have remained in a narrow zone during this time. 

Avalanche token has shown its capability to tackle the downtrend resistive movement emerging from the present two-week consolidation zone. $26 is the resistance, while $19 becomes the support zone for the tokens. Check out Avalanche price prediction to know if the token will go towards resistance or support level.

AVAX Price Chart

The Avalanche price action showcases the dominance of buyers and sellers at different phases of the price progression. Resistance for AVAX has jumped towards $30, while the consolidation zone created a short-term resistance at $25. The Avalanche price needs to move upwards in order to reach its resistance.

$30 is an important psychological level where the current base for the 100 EMA curve lies. Since the movement is consolidative, the 100 EMA curve could continue to fall, creating the perfect breakout scenario. Support levels for AVAX tokens remain at $13.5 and $20 in the short run. With a peak run of $146.22, AVAX is still down by 83% value.



Source_link

You might also like

Dash continues to rise even after surpassing the 200 EMA!

Mango Markets Sues Avraham Eisenberg

2019 Bitcoin investors back in profit above $21.8k

Previous Post

9 Best Investments to Make a Profit During Inflation

Next Post

New Jersey arts and entertainment news, features, and event previews.

Involve Africa

Involve Africa

Related Posts

Dash continues to rise even after surpassing the 200 EMA!
Crypto News

Dash continues to rise even after surpassing the 200 EMA!

by Involve Africa
January 30, 2023
Mango Markets Sues Avraham Eisenberg
Crypto News

Mango Markets Sues Avraham Eisenberg

by Involve Africa
January 30, 2023
2019 Bitcoin investors back in profit above $21.8k
Crypto News

2019 Bitcoin investors back in profit above $21.8k

by Involve Africa
January 30, 2023
8 Years in Prison for a Doctor Paying $60K in BTC to Dark Web Hitmen
Crypto News

8 Years in Prison for a Doctor Paying $60K in BTC to Dark Web Hitmen

by Involve Africa
January 29, 2023
Scottie Pippen SP33, Murder Head Death Club, Kanpai Pandas, Claynosaurz and more collections added to Kraken NFT
Crypto News

Scottie Pippen SP33, Murder Head Death Club, Kanpai Pandas, Claynosaurz and more collections added to Kraken NFT

by Involve Africa
January 29, 2023
Next Post
New Jersey arts and entertainment news, features, and event previews.

New Jersey arts and entertainment news, features, and event previews.

Leave a Reply Cancel reply

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

Recommended

Climate deal “falls short” as China and India block end to coal power – BBC News

Climate deal “falls short” as China and India block end to coal power – BBC News

December 28, 2022
9 Breathtaking Things to Do in Seward Alaska » Local Adventurer

9 Breathtaking Things to Do in Seward Alaska » Local Adventurer

November 19, 2022

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Don't miss it

Wagner Group Redefined: Threats and Responses
All African News

Wagner Group Redefined: Threats and Responses

January 30, 2023
Try These Unique Ways to Lower Your Gas Bill In The Winter
Finance

Try These Unique Ways to Lower Your Gas Bill In The Winter

January 30, 2023
Cactus Restaurant Lagos – Fine Dining Experience
Travel

Cactus Restaurant Lagos – Fine Dining Experience

January 30, 2023
Global supply chain challenges will not affect energy transition progress in 2023 —Report
Energy & Environment

Global supply chain challenges will not affect energy transition progress in 2023 —Report

January 30, 2023
Dash continues to rise even after surpassing the 200 EMA!
Crypto News

Dash continues to rise even after surpassing the 200 EMA!

January 30, 2023
Phyna Reveals Reason Behind Failure Of Many Marriages
Entertainment News

Phyna Reveals Reason Behind Failure Of Many Marriages

January 30, 2023

Social Bar

Welcome to involve Africa The goal of involve Africa is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

Wagner Group Redefined: Threats and Responses

Wagner Group Redefined: Threats and Responses

January 30, 2023
Try These Unique Ways to Lower Your Gas Bill In The Winter

Try These Unique Ways to Lower Your Gas Bill In The Winter

January 30, 2023

INVOLVEAFRICA.COM

No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment

INVOLVEAFRICA.COM

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT