Avalanche is holding a level that mattered earlier this week.
$AVAX is at $8.58, up 0.8% in 24 hours, on $19.5M of volume. The range is $8.38 to $8.74.
The story here is $8.50. AVAX tested $9.01 earlier this week on the NYSE settlement news, then came back. $8.50 held on Tuesday, and it is holding again today — the last few hours kept dipping to $8.49–$8.54 and bouncing. The last few hours: $8.51, $8.57, $8.52, $8.59, $8.62, $8.58.
Levels I am watching:
• Support: $8.38 (the 24-hour low) and $8.50 (the level that keeps holding)
• Resistance: $8.74 (the 24-hour high) and $9.01 (the news high)
• Trigger: reclaiming $8.67, where the last few hours topped out
• Invalidation: losing $8.38
AVAX is not the loudest coin today, but a level that holds three times is a level worth respecting.
Not financial advice. Is $8.50 the floor, or just a pause?
#AVAX #Avalanche #Crypto
$AVAX is at $8.58, up 0.8% in 24 hours, on $19.5M of volume. The range is $8.38 to $8.74.
The story here is $8.50. AVAX tested $9.01 earlier this week on the NYSE settlement news, then came back. $8.50 held on Tuesday, and it is holding again today — the last few hours kept dipping to $8.49–$8.54 and bouncing. The last few hours: $8.51, $8.57, $8.52, $8.59, $8.62, $8.58.
Levels I am watching:
• Support: $8.38 (the 24-hour low) and $8.50 (the level that keeps holding)
• Resistance: $8.74 (the 24-hour high) and $9.01 (the news high)
• Trigger: reclaiming $8.67, where the last few hours topped out
• Invalidation: losing $8.38
AVAX is not the loudest coin today, but a level that holds three times is a level worth respecting.
Not financial advice. Is $8.50 the floor, or just a pause?
#AVAX #Avalanche #Crypto
