Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»AVAX – Price predictions say $40, $33 will be the next steps after a decline from $50.
ALTCOIN NEWS

AVAX – Price predictions say $40, $33 will be the next steps after a decline from $50.

By Crypto FlexsApril 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX – Price predictions say ,  will be the next steps after a decline from .
Share
Facebook Twitter LinkedIn Pinterest Email
  • Investors should prepare for a plunge to $33.
  • The 78.6% Fibonacci level is likely to halt the current short-term downtrend.

Avalanche (AVAX) price has fallen once again, with Bitcoin (BTC) and the rest of the cryptocurrency markets witnessing heavy selling activity over the past four days. During this period, market dynamics changed.

Traders and investors can embrace a new narrative. Alternatively, utilizing technical analysis and finding narratives can also lead to consistent profits. So what are the pitfalls that AVAX bulls need to watch out for?

One of the breaker blocks is already broken.

AVAX 12-hour chart

Source: AVAX/USDT on TradingView

Based on one-day price action, AMBCrypto has marked two breaker blocks in turquoise, indicating demand zones.

AVAX was expected to see a bullish reaction at $46.5 as it is at the 61.8% Fibonacci retracement level.

Instead, the price briefly fell below $46.5 on April 3. It has not yet closed a 1-day or 12-hour candle below $46.5.

Further south, the $41.37 level was important as a demand zone for the same reason: the confluence of a breaker block and a fiber retracement level.

Technical indicators showed a serious situation for the bulls. RSI is at 35, reflecting solid bearish momentum. CMF was -0.18, indicating strong capital flows in the market.

Should investors prepare for a revisit to $30?

AVAX liquidation heatmapAVAX liquidation heatmap

Source: Hiblock

Liquidation heatmaps over the past three months highlight the $50 region as a pivotal space for liquidity. When the price fell below that, a liquidation cascade followed, causing the price to fall further.


Read Avalanche (AVAX) Price Prediction for 2023-24


At press time, the $42.6 and $38.6 levels were the next pockets of liquidity that could attract AVAX price.

There was also a high clearing concentration of $33-$33.3. An avalanche could lead to a plunge to these levels and such a move would change the market structure to bearish.

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

Next: Solana ‘beats’ Bitcoin by ‘second-highest’ number – Is this good news for SOL investors?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 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

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

CADANO’s ADA is ready to pop out of the $ 0.58 support area.

March 2, 2025

Bitcoin investors ‘struggling’ with Trump’s vague ‘stockpile of digital assets’ order

January 24, 2025

Bitcoin price is gaining strength again as bulls aim for $40,000.

December 2, 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.