AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data


  • 1 year ago
  • Avalanche
  • 443Views
AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto�s recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance. With the reversal of the V-top formation seen at the key resistance level of $30.6, the AVAX coin price dropped to $18.4 of the Fibonacci retracement level. It is however beneficial for buyers who were able to position right at this level prompting a 25% spike to $22.53. On the other hand, the massive selloff happening in the crypto market hinders the recovery of AVAX price and threatens a further downtrend. The selloff that happened on September 13 has sloughed off the possibility of completing the pattern. Evidently, the downtrend that took place yesterday was triggered by the high CPI or Consumer Price Index data. According to CoinMarketCap, AVAX�s p
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Avalanche

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is...

Price

0,000000000

MarketCap

0

Total Supply

720,000,000
Contract
0x1ce0c2827e2ef14d5c4f29a091d735a204794041

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