Avalanche price prediction as AVAX crosses key resistance Avalanche price rebound continued on Monday as demand for its NFT solutions rose. The AVAX token rose to a high of $30.16, which was the highest level since May 23rd of this year. It has jumped by over 118% from its lowest level this year. Its market cap has jumped to over $8 billion. NFT […]
Avalanche remains above the breakout zone, but where are the buyers? Avalanche broke past a key resistance but has since stalled AVAX lacks a directional bias amid the 50-day MA joining a support The token could slide to the resistance-turned-support at $20 Avalanche AVAX/USD trades at $23.3 as of press time. The price is well above the key breakout zone of $20, which has now become […]
AVAX Still In Crimson Territory As Rejection At $25 Forms Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18. As of this writing, the AVAX/USD pair dipped to a new low that registered at $23.33 […]
‘Big Name’ brands to enter Avalanche ecosystem soon, says John Wu Avalanche could soon become home to some of the leading brands and companies in the world. John Wu, the CEO of Ava Labs, the tech company behind the Avalanche blockchain, has revealed that big-name brands and companies will soon enter the Avalanche ecosystem. Wu made this known during a recent interview with Anthony Pompliano. The Ava […]
Avalanche-based Pangolin Dex set to make debut on Flare blockchain Pangolin, a decentralized exchange (DEX) on the Avalanche network, will debut on the layer-1 blockchain Flare network. Flare is known for its interoperability solutions and Pangolin hopes to utilize the underlying technology to reach new blockchain networks. With its move to Flare blockchain, Pangolin will be able to see new cross-chain token pairs, offer in-dApp […]
Watch for the close of Avalanche’s daily candlestick to assess price direction Avalanche is trading at the breakout zone after correcting in a bear market The Fed’s policy move on Wednesday will determine the price move Watch for the close of the daily candlestick for a possible reversal or bear continuation Most cryptocurrencies are correcting after the recent gains. Profit taking and Fed’s policy action on Wednesday […]
Price analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX Bitcoin (BTC) and most major altcoins are witnessing profit-booking on July 25 as the bulls scale back their positions before the Federal Open Market Committee meeting on July 26 through July 27. This indicates that the sentiment remains fragile and that bulls are not confident about carrying long positions into the event. Several analysts have […]
Price analysis 7/22: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX In a downtrend, when markets do not respond negatively to bearish news, it is a sign that the selling may have reached exhaustion. Reports of electric vehicle maker Tesla dumping 75% of its Bitcoin (BTC) holdings in the second quarter only caused a minor blip as lower levels attracted strong buying from the bulls. Tesla […]
Avalanche Sustains 7-Day Upswing – Can AVAX Easily Breach $26? Avalanche (AVAX) trails behind the plunge of Bitcoin (BTC), has also shaved 6% off its price in the last 24 hours. On the brighter side, AVAX/USD is looking solid and rising following yesterday’s plunge which suggests a correction before a potential uptrend. AVAX is currently trading at $25.10, up 7 percent in the last seven […]
Price analysis 7/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX Bitcoin (BTC) briefly extended its recovery above $24,000 and the altcoins continued to make smart gains on July 20, but the bullish momentum of the week experienced a brief setback after Tesla's earnings report showed the company had sold 75% of its BTC position. Although, the sharp breakout of this week is a positive sign, […]
Price analysis 7/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX Bitcoin (BTC) rose above $22,000 and Ether (ETH) traded above $1,500 on July 18, indicating that bulls are gradually returning to the cryptocurrency markets. This pushed the total crypto market capitalization above $1 trillion for the first time since June 13, raising hopes that the worst of the bear market may be behind us. In […]
Time to accumulate? 5 sectors to watch during crypto winter It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes, bear markets are for building, and now is one of the best […]
Price analysis 7/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX The recovery in the cryptocurrency markets is being led by Bitcoin (BTC), which has risen above the $21,000 level. However, BlockTrends analyst Caue Oliveira said that on-chain data shows a decline in “whale activity” since the month of May, barring the flurry of activity during the Terra (LUNA) — since renamed Terra Classic (LUNC) — […]
Avalanche Notches Solid Mid-Week Bounce – Can AVAX Sustain The Positive Noise? The native token of Avalanche, AVAX, registered a strong upswing this week, suggesting that the altcoin is gaining a lot of traction at its current prices. As of this writing, AVAX is trading at $19.95, up 1.9% in the last seven days, data from Coingecko show, Friday. The token’s market value grew by more than […]
Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain […]
Avalanche adds support for native Bitcoin via bridge feature Avalanche says BTC bridging is currently only available via its Core Browser Extension. Avalanche has added support for native Bitcoin (BTC) on the platform, which will happen via the Avalanche Bridge, according to a press release published on Wednesday. The solution allows users to utilize their Bitcoin in the DeFi sector by directly transferring BTC […]
Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they projected significant upside from the current levels. The analysts cited the rising share of all stablecoins in the total crypto market for their bullish outlook. Unperturbed by the current fall, retail […]
Price analysis 6/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and dipped into bear market territory, falling more than 20% from its all-time high made on Jan. 4. The cryptocurrency markets are tracking the equities markets lower and the selling pressure further […]
Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low […]
Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB Bitcoin (BTC) continues to trade in a range with the local tops and bottoms coinciding with increased whale activity in the region, according to on-chain analytics resource Whalemap. The range-bound action in Bitcoin has kept the analysts guessing and a few expect the consolidation to continue for some more time, while others anticipate another leg […]
