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Avalanche (AVAX) Faces Potential 60% Price Correction Amid Bearish Patterns and Major Sell-Offs
The post Avalanche (AVAX) Faces Potential 60% Price Correction Amid Bearish Patterns and Major Sell-Offs appeared on BitcoinEthereumNews.com. Avalanche (AVAX) has recently experienced a significant downturn, hitting its lowest point in six months. Over the past month, AVAX has declined by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours. The current trading price for AVAX now stands at $24.23, indicating a sharp reversal from its previous positive performance. Avalanche (AVAX) tumbles to a six-month low amid potential for further decline; analysts highlight key technical indicators and market influences. Explore the latest trends in the cryptocurrency market and discover possible future scenarios for AVAX. Additional 60% Correction Ahead For AVAX, But Why? The cryptocurrency community has taken note of AVAX’s persistent decline. Technical analysis suggests that AVAX could face further challenges. Crypto analyst Patel indicates that current chart patterns are forecasting an additional 40% to 60% drop in AVAX’s value. The head-and-shoulder formation on the chart is a classic warning sign for impending price drops. Patel highlights the significance of the head-and-shoulder pattern on the AVAX chart, pointing out that the neckline support has already been breached. This breach suggests a continued bearish trend, possibly driving the price down to $19 and even $13. ???? AVAX/USDT Chart Analysis: $AVAX is forming a head & shoulder pattern. The NECK LINE support is broken, indicating a bearish trend. Expecting a 40%-60% downside move. Targets: $19 & $13. Not saying don’t open long scalps, but use strict stop loss. Trade wisely! #Crypto… TRUSTED BY COINOTAG,Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange! In light of these predictions, Patel advises traders and investors to exercise caution, especially for those considering long positions. He stresses the need for strict stop-loss measures to navigate the expected volatility. External Influences And Optimistic Counterpoints Adding to…
The post Avalanche (AVAX) Faces Potential 60% Price Correction Amid Bearish Patterns and Major Sell-Offs appeared on BitcoinEthereumNews.com.
Avalanche (AVAX) has recently experienced a significant downturn, hitting its lowest point in six months. Over the past month, AVAX has declined by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours. The current trading price for AVAX now stands at $24.23, indicating a sharp reversal from its previous positive performance. Avalanche (AVAX) tumbles to a six-month low amid potential for further decline; analysts highlight key technical indicators and market influences. Explore the latest trends in the cryptocurrency market and discover possible future scenarios for AVAX. Additional 60% Correction Ahead For AVAX, But Why? The cryptocurrency community has taken note of AVAX’s persistent decline. Technical analysis suggests that AVAX could face further challenges. Crypto analyst Patel indicates that current chart patterns are forecasting an additional 40% to 60% drop in AVAX’s value. The head-and-shoulder formation on the chart is a classic warning sign for impending price drops. Patel highlights the significance of the head-and-shoulder pattern on the AVAX chart, pointing out that the neckline support has already been breached. This breach suggests a continued bearish trend, possibly driving the price down to $19 and even $13. ???? AVAX/USDT Chart Analysis: $AVAX is forming a head & shoulder pattern. The NECK LINE support is broken, indicating a bearish trend. Expecting a 40%-60% downside move. Targets: $19 & $13. Not saying don’t open long scalps, but use strict stop loss. Trade wisely! #Crypto… TRUSTED BY COINOTAG,Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange! In light of these predictions, Patel advises traders and investors to exercise caution, especially for those considering long positions. He stresses the need for strict stop-loss measures to navigate the expected volatility. External Influences And Optimistic Counterpoints Adding to…
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