Search Inside Bitcoins

Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing
Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

Join Our Telegram channel to stay up to date on breaking news coverage

Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

AVAX/USD has been trending down until it reached the support level of $18.5305. It was at this point it changes its direction; trying to reach up to a higher price level. Looking at today and yesterday’s (that is 30th and 29th) price actions, the candlesticks shows increase in the buying pressure. As the market opened, yesterday, sellers pushed the price further lower until buyers regain enough strength to push the price halfway to the bearish opening price of the 28th of August. The bullish move continue and the current price is now $20.2618

 Terra Classic Market Price Statistic:

  • AVAX/USD price now: $ 20.2618
  • AVAX/USD market cap: $ 5,760,574,546
  • AVAX/USD circulating supply: 285,073,096.33 
  • AVAX/USD total supply: 404,229,626
  • AVAX/USD coin market ranking: #16

Key Levels

  • Resistance: $20.7435, $22.9340, $24.2320
  • Support: $18.3910, $16.8498, $14.8215

 

Buy Avalanche Now

Your capital is at risk

Tamadoge OKX

 

Avalanche Market Price Analysis: The Indicators Point of View

When the price reached close to the lower band of the Bollinger indicator, there is the probability  that the market will rebound to find higher price levels. It also can  mean the beginning of an upward trend. In the Relative Strength Index indicator, RSI line came to settle in the downtrend area on the 19th of August. The Line touched the threshold of the oversold area and then faces towards an upward position. Currently, the RSI signal line and the RSI line are moving  in the downtrend zone of the indicator. And they are about to cross each other. Once the two line crosses in the lower zone  of the indicator, the uptrend is confirmed. Another thing to lookout for in order to confirm the uptrend is the price actions and the 9-day moving average. The price action have to cross to the upperside of the moving average.

Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

Avalanche Market Price Analysis: AVAX/USD 4-Hour Chart Outlook

Halfway into the day, the bullish move is weakening, and as a result of this, sellers are making their moves. However, the bearish moves do not appear to be strong enough. The RSI line is retracing the downtrend zone measuring at 48%. Because those bearish moves are not too strong, there is a probability that the market will continue to retrace an upper position.

Related

 

Tamadoge - Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Under Two Months
  • Upcoming ICO on OKX Exchange
Tamadoge logo

 

 

 

 

 

 

 

 

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!

X

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

X