A strong network growth underpins AVAX's recent price gains, but a multi-month technical pattern continues to pose downside risks for the Avalanche token.
, a $180 million liquidity mining incentive program launched in August 2021, for its ability to attract more participants into the network."While Avalanche Rush may continue to serve as a catalyst for ecosystem growth and garner more project launches and partnerships, significant technological advancements are on the horizon for the teams developing the Avalanche core platform and are critical to the network's ability to sustain further growth.
Specifically, the resistance comes as a part of a falling channel. AVAX has been trending lower inside it since the beginning of its massive correction move in late November 2021. As a result, the Avalanche token's probability of continuing downward inside the channel's range—for now—appears higher.An extended pullback upon testing the channel's upper trendline as resistance may push AVAX toward the interim support level of $86.50.
Conversely, a decisive move above the channel's upper trendline could have AVAX eye $104 as its next upside target, with an inclination to hit $135 on a further move upward. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
McDonald’s Crypto Tweet Was Perfect Bottom Signal.McDonalds social media managers spotted the bottom of a recent Bitcoin correction in late January
続きを読む »
Shiba Inu Dominance Among Large Wallets Reaches 15% as Token's Price Spikes by 26%$SHIB gets closer to the top as the price rebounds
続きを読む »
Bitcoin rebound hits $45.5K as focus switches to future support retestsIs Bitcoin ready to rocket? BTC hit new multi-week highs above $45,000 before consolidation on Feb. 8 as the comeback continues.
続きを読む »
A Record Low Number of Consumers Say Now Is a Good Time to Buy a HomeHigh home prices and rising mortgage rates have caused consumer sentiment in housing to drop.
続きを読む »
Oil Giant BP Swings to Huge Profit as Soaring Commodity Prices Drive Up EarningsThe British energy major posted full-year underlying replacement cost profit, used as a proxy for net profit, of $12.8 billion.
続きを読む »
BP records highest profit in eight years in 2021BP reported on Tuesday a profit of $12.8 billion in 2021, the highest in eight years, as natural gas and oil prices soared and the global economy recovered from the pandemic slump.
続きを読む »