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Avalanche -Avax Coin

AVAX CRYPTO HUGE PUMP SOON !! AVALANCHE AVAX PRICE PREDICTION

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Synopsis: Avalanche price right now is $ 90.79, with a 24 hour trading volume of $ 2.18B, market cap of $ 24.26B, and market dominance of 1.27%. The AVAX price increased 4.24% in the last 24 hours.

Avalanche reached its highest price on Nov 21, 2021 when it was trading at its all-time high of $ 146.18. The lowest price since it’s ATH was $ 53.36 cycle low. The highest AVAX price since the last cycle low was $ 98.55 cycle high. The Avalanche price prediction sentiment is currently bullish.

Avalanche’s current circulating supply is 267.18M AVAX, out of max supply of 720.00M AVAX. In terms of market cap, Avalanche is currently ranked 3 in the Proof of Stake sector, and ranked 1 in the Avalanche Network sector. According to our current Avalanche price prediction, the value of Avalanche will rise by 11.18%, and reach $ 101.04 by March 26, 2022. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index is showing Fear. Avalanche recorded 53% green days with 7.53%, price volatility over the last 30 days. Based on our Avalanche forecast, it’s now a good time to buy Avalanche.

Based on today’s classical pivot point, with the value of $ 86.45, Avalanche has support levels of $ 82.91, $ 81.15, and the strongest at $ 77.62. Similarly, Avalanche resistance levels are at $ 88.21, $ 91.74, and $ 93.51. To get a better idea of what could happen to the Avalanche price in the future, it’s helpful to also explore Avalanche’s price history. In the last month, the AVAX USD pair is up 4.56%. The 1-year performance of AVAX USD is 156.44%.

You can predict cryptocurrency prices, by considering both on chain and off chain metrics, as well as technical indicators that take into account Avalanche’s past price performance. Another tool you can use is to gauge the market sentiment, to see whether investors are optimistic or pessimistic about Avalanche. Keep in mind that there is no way to predict, the future with 100% success, and past performance is no guarantee of future results. In August last year, KyberSwap was launched on the Avalanche blockchain, for the first phase. Liquidity and rates for Avalanche’s DeFi ecosystem improved considerably, allowing Kyber Network to kickstart collaborations, with popular ecosystem projects. Now comes the second phase, and today is the launch date for it.

Liquidity providers can earn up to $1 million in AVAX, and Kyber Network liquidity mining rewards during the next four months, by adding liquidity to eligible pools on KyberSwap on Avalanche. Besides that, liquidity providers on KyberSwap will enjoy important benefits, such as better rates, due to DEX aggregation, amplified liquidity pools that enjoy, excellent capital efficiency, and reduced slippage. Anyone can create a pool or add liquidity to existing pools etc. On the weekly chart, we see that AVAX printed a high of $56, in February last year, which turned into support late in 2021, during the bullish momentum, and it held again during, the bearish momentum in January this year. The 50 SMA helped as well, stopping the decline, and the price bounced off that moving average, but the 20 SMA turned into resistance at the top. That moving average was pierced, but wasn’t broken, and the price reversed back down last month.

However, the 50 SMA turned into support again, and rejected the price. Last week we saw a strong bounce, off that moving average again, but the 20 SMA is still stopping the climb. Now we will have to wait and see if AVAX, can push above it, although the crypto market has to remain bullish this cryptocurrency displayed, stronger bullish momentum last week, but it can’t keep it up by itself. But we will soon see what impact the 2nd phase of KyberSwap will have on the price.

#avax
#avalanche
#crypto

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One Comment

  1. Honestly I appreciate you and your content , Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A. and completely ignore the bigger narrative of why BTC pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I’ve been day trading crypto for 2 months with Joel David Jason's daily signals and insights and was able to make 27 BTC as profit from my initial 9 BTC. he is on ͲeIєɠɾαm👉Cryptojason42

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