Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»AVAX prepares for a ‘flip’ – here’s what you need to know
ALTCOIN NEWS

AVAX prepares for a ‘flip’ – here’s what you need to know

By Crypto FlexsJanuary 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX prepares for a ‘flip’ – here’s what you need to know
Share
Facebook Twitter LinkedIn Pinterest Email

  • AVAX has yet to break the bearish structure on the 1-day chart.
  • There may be a downward trend ahead and the highlighted demand zones are the key areas of interest.

Avalanche (AVAX) witnessed a strong bounce from the $31 support zone. It fell to $31.12 on January 8, but has risen 24% since then. The network also recorded record numbers of monthly active users.

Avalanche’s network has also seen a surge in NFT activity. The new NFT Mint is expected to contribute significant scale and activity to the network. This could attract creators to the network and drive more demand for AVAX.

The market structure has not yet reversed to strength.

Source: AVAX/USDT on TradingView

The daily price chart has been bearish since December 27, when AVAX fell below its low of $43.34. As of press time, the latest low in the subsequent decline was $39.45, shown in green.

No daily session has yet occurred closing above this level. If so, $33.08-$35.87 (turquoise box) would be a bullish order block. The structure is technically down, but the downtrend line resistance (yellow) has been broken.

A move above $39.45 and a bullish order block or retest of the descending trend line as support would present an ideal buying opportunity. Fibonacci levels (light yellow) mark the $42.76 and $45.93 levels as firm resistance.

It seems likely that it will fall again in search of liquidity.

The Avalanche is on the verge of flipping the daily market structure into a bullish one.

Source: Hiblock

AMBCrypto analyzed data from Hyblock’s liquidation level chart. Cumulative liquid level delta has been positive over the past 24 hours. This means there are more buy liquidation levels. This presented an attractive opportunity to hunt for liquidity as the price fell south and forced the buying end.


How much is 1, 10 or 100 AVAX worth today?


In the south, there were several clearing levels above $2 million, at the $38.2 and $37.7 levels. Further down, there are also significant liquidation levels in the $35.7-$36.3 range. Therefore, in the short term, traders should watch out for price declines. From a one-day price action perspective, the ideal would be a move to $35, which would be a good place to buy AVAX.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025
Most Popular

BITPACS: DAO Emulation on Bitcoin

March 3, 2024

Ropsten TTD Announcement | Ethereum Foundation Blog

December 23, 2023

Polygon (MATIC) holds above key level as bulls target $1.

December 25, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.