AVAXUSD Reversal Back to $50+
AVAX looks like its bottomed out along the daily support as well as its broken this downtrend formed after the dump down earlier last month.
The bounce off the $23 - $25 range is the bottom and the goated entry region. From here, AVAX has regained $29 and looks like its about to regain $32 as a level of support.
After AVAX regains $32 as a level of support, its going to head towards $41 - $44 resistance area. Too early to tell now the momentum when it reaches here if it'll continue pumping, but the next targets after that I have placed are at $51 - $54, the local high created during the 1st week of February.
What is Avalanched (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services with a max supply of 720M and a circulating supply of 126M AVAX.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts.
Avalanche launched its mainnet in September 2020 founded by Ava Labs. The platform's native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.
I think this is a pretty interesting project and currently sitting at the #25 spot its got some wiggle room to grow. Let's get this Easy Loot! 🚀
The bounce off the $23 - $25 range is the bottom and the goated entry region. From here, AVAX has regained $29 and looks like its about to regain $32 as a level of support.
After AVAX regains $32 as a level of support, its going to head towards $41 - $44 resistance area. Too early to tell now the momentum when it reaches here if it'll continue pumping, but the next targets after that I have placed are at $51 - $54, the local high created during the 1st week of February.
What is Avalanched (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services with a max supply of 720M and a circulating supply of 126M AVAX.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts.
Avalanche launched its mainnet in September 2020 founded by Ava Labs. The platform's native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.
I think this is a pretty interesting project and currently sitting at the #25 spot its got some wiggle room to grow. Let's get this Easy Loot! 🚀
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