The rise in the leading cryptocurrency Bitcoin continues to affect Avax positively, affecting all altcoins. The 9% rise in Bitcoin yesterday found a response of about 10% on Avax’s side. Avax, which started the day at the $ 18.15 level yesterday, closed at $ 19.94, with an increase of 9.92%. If the rise in Bitcoin continues, positive signals continue to come that Avax will accompany Bitcoin. Starting the day at $19.94, Avax continues to trade at 19.74 levels with a 1% loss.
Avax Chart Analysis
Having regressed to the EMA55 support level a few days ago, Avax took its place above the EMA5 and EMA21 levels with the increase in purchases in Bitcoin, forcing the 200-day average, which is the biggest resistance, EMA200 last night. Unable to complete the day above 20.26, which is EMA200, Avax is stuck between EMA5 and EMA200. Therefore, firstly, $ 20.26 and above $ 21.62 levels appear as the resistance point. In case of possible pullbacks, the $19.06 (EMA5) and $18.83 (EMA21) can be followed as support points.
This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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