AVAX Price & SafeMoon Price Display A Strong Tendency To Propel High

10


The crypto space currently is falling into a bearish trap as most of the cryptocurrencies is declining in their prices. Bitcoin price after smashing $50K quickly initiated shedding its gains and trades below $47,000 at the press time. Also, the top 10 cryptocurrencies are plunging on an average of 5% compared to that of the previous day’s trade. 

Avalanche(AVAX) Price Drained Nearly 50%

Avalanche price remained within $5 since its inception until a major boost kicked off the rally to hit $59.94. Since then the price kept declining and traded below $10 marking the bottom of the rally. However, the AVAX price went parabolic, aiming to smash the current ATH, but yet again slipped before reaching the target. 

avaxprice

AVAX price fell into a descending channel as it attempted to break the highs, yet appears to be self-assured of a substantial rebound. However, the price is very close to the immediate resistance levels and attaining these levels could possibly allow the price to form new higher highs. 

Technical Specifications

  • Resistance levels are at $52.17
  • Support levels are at $40.66
  • Indicators point out towards a buy signal

Also Read: Ethereum Price Prediction, ETH Can Hit $15000 In 6 Months, Yet Buying Opportunity Underway

SafeMoon Price Primed For a Massive Upswing

Safemoon price had an impressive debut within the crypto space by hitting an all-time high within a few days of its inception. Yet, the downtrend was pretty strong which kept the ATH distinct from the current levels. The initial target of the asset is to kill a zero before propelling towards its highs. 

safemoonprice

The price after multiple rejections at $0.000002400, the price broke through the resistance levels and smashed $0.000002700 with a massive 30% jump. However, the uptrend is expected to continue until it achieves its initial target at $0.00000300. The increased trading volume of about 76.54% also manifests the increased volatility that could provide a notable push for the Safemoon price. 

Technical Specifications

  • Resistance levels are at $0.000002835
  • Support levels are at $0.000001515
  • Indicators point out towards a buy signal

Also Read: Cardano(ADA) Price Losing The Grip, A Clear Path Close To $2.3 Is Visible



Source link

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More