#AVAX SUPPLY AND DEMAND ZONE: A TOTAL INCREASE OF 19.71%!
If you're looking for an in-depth analysis of AVAX, then, you're in the right place.
Here's why.
AVAX has continuously moved between its supply and demand zone, with the demand at 19.42-20.46 and supply at 24.70-27.78. In between these levels, we have monitored an increase from last week to this week of 19.71%. The traders who have recognized the potential ranging market structure of AVAX before a huge movement happens have taken advantage of this scenario. Right now, AVAX is facing the high volume of selloffs just below the supply zone we've highlighted. Although, further confirmation should appear once sellers recognize this as a potential great position for their orders. It would be wise to not enter immediately with any positions and observe patiently for the next price action to happen.
Stay wise, trade cautiously.
