AVAX lost $8.00 yesterday. Tonight it lost $7.00 too — then took it back.
$AVAX is down -9.6% at $7.263, on $37.3M volume. The high is $8.056, the low $6.743.
That low matters. AVAX slid under $7.00 for the first time today, then bounced back above it in the same hour. The last few hourly closes — $7.11, $7.16, $7.23, $7.26 — are holding above the line it just lost.
The levels I am watching:
Support: $6.743
Resistance: $7.32
Trigger: an hourly close under $7.00 would tell me the bounce failed
Invalidation: an hourly close back above $7.32 and the selling is pausing
No AVAX-specific news today. This is the market, and AVAX is falling much faster than Bitcoin — -9.6% against BTC's -2.6%.
Two round numbers gone in two days, and $7.00 is now the line. Does it hold tonight, or does AVAX go back under it?
#AVAX #Crypto #Binance
Not financial advice.
$AVAX is down -9.6% at $7.263, on $37.3M volume. The high is $8.056, the low $6.743.
That low matters. AVAX slid under $7.00 for the first time today, then bounced back above it in the same hour. The last few hourly closes — $7.11, $7.16, $7.23, $7.26 — are holding above the line it just lost.
The levels I am watching:
Support: $6.743
Resistance: $7.32
Trigger: an hourly close under $7.00 would tell me the bounce failed
Invalidation: an hourly close back above $7.32 and the selling is pausing
No AVAX-specific news today. This is the market, and AVAX is falling much faster than Bitcoin — -9.6% against BTC's -2.6%.
Two round numbers gone in two days, and $7.00 is now the line. Does it hold tonight, or does AVAX go back under it?
#AVAX #Crypto #Binance
Not financial advice.
