- AVAX has been dominated by the claws of the bears during the past seven days.
- AVAX fluctuates inside a broadening descending wedge, it could break out soon.
- Resistance lies ahead of AVAX but if it’s a conventional bullish wedge, AVAX could surge.
Avalanche has been dominated by the bears during the last week. For the first four days of the week, AVAX was fluctuating in the red zone just under the opening market price of $14.108. It emerged out of the red zone on a few occasions for a brief period of time before sinking below the opening market price. However, during the past week, AVAX reached a maximum price of $14.22.
AVAX/USD 7-Day Chart (Source: CoinMarketCap)
The above chart shows AVAX making lower highs mid-way through the fourth day. It continued making lower highs until the beginning of the seventh day and reached its lowest price of $12.93. However, after AVAX reached the bottom, it started to rise again and currently, it is priced at $13.27, after experiencing an increase of 1.08% in 24 hours.
AVAX/USDT 1-Day Chart (Source: Tradingview)
When looking at the chart above we could see that AVAX is fluctuating inside a broadening descend…
The post AVAX Fluctuates Inside a Bullish Wedge, When Will it Breakout? appeared first on Coin Edition.
The post AVAX Fluctuates Inside a Bullish Wedge, When Will it Breakout? appeared first on Coin Edition.