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»EXCHANGE NEWS»AVAX price rises 50% and falls 15%. Why the Uptrend Is Still Strong
EXCHANGE NEWS

AVAX price rises 50% and falls 15%. Why the Uptrend Is Still Strong

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
AVAX price rises 50% and falls 15%.  Why the Uptrend Is Still Strong
Share
Facebook Twitter LinkedIn Pinterest Email

AVAX price rose more than 50% and was trading above the $40 level. The Avalanche is currently correcting its uptrend, but bulls may remain active near the $32 support zone.

  • AVAX prices have risen above the $30 and $40 levels against the US dollar.
  • The price is trading above $30 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the AVAX/USD pair, there is a major bullish trend line forming with support near $35.00 (data source from Kraken).
  • The pair could continue to rise if it stays above the $35 and $30 support levels.

AVAX price corrected to fall

Over the past few days, Avalanche’s AVAX has increased significantly above the $25 resistance area. It is up more than 50% and has broken many hurdles near $30. It cleared the $40 level before the bear appeared.

Like Bitcoin and Ethereum, a new multi-month high was formed near $43.06 before the price began a downward correction. It fell 15% and the price was trading below the $38 level. The upward move from the $21.24 swing low to the $43.06 high moved below the 23.6% Fib retracement level.

AVAX price is still trading above $30 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $35.00 on the 4-hours chart of AVAX/USD.

Source: AVAXUSD on TradingView.com

On the other hand, immediate resistance appears near $38.00. The next major resistance is forming near the $40.00 area. If there is upside beyond the $38.00 and $40.00 levels, the price could surge by more than 10%. If stated, the price could rise steadily towards the $45 level.

Limited dips on the Avalanche?

If the AVAX price fails to continue rising above the $38.00 or $40.00 level, it may continue to decline. Immediate support for the downside is near the trendline at $35.

Key support lies near the $32.00 area or the 50% Fib retracement level of the rise from the $21.24 swing low to the $43.06 high. A break below the $32.00 level could open the door for a major decline towards $18.80. The next major support is near the $26.50 level and the 100 simple moving average (4-hours).

technical indicators

4-Hour MACD – The MACD for AVAX/USD is gaining momentum in bearish territory.

4-Hour RSI (Relative Strength Index) – The RSI for AVAX/USD is now below the 50 level.

Key support levels – $35.00 and $32.00.

Key resistance levels – $38.00, $40.00, $45.00.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

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

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

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

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

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

Ethereum open interest has reached an all-time high of $17 billion. Is ETH price trending downward or upward?

December 3, 2024

Google Cloud joins EigenLayer mainnet as node operator

April 10, 2024

Brazilian B3, Solana and Ethereum Futures June 16

May 10, 2025
  • 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.