NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?

TA: AVAX Struggles To Hold Above Resistance As It Eyes $40

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many.

The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. 

Related Reading

TA: AVAX Struggles To Hold Above Resistance As It Eyes $40

1 year ago

Avax Weekly Chart Analysis

Avax Weekly Chart Analysis | Source: AVAXUSDT On Tradingview.com

The weekly chart for Avax shows a downtrend reversal to a low of $16.3, where buyers were more willing to step into the market.

The chart shows the price of Avax needs to break and close above $23.7 for it to resume its bullish movement to the $40 mark price anticipated by investors.

Avax has formed strong support at the $16.3 mark area, with more buyers willing to place bids in this region. This region can be seen as a good demand zone should the price of Avax retraces back to the current price.

Major resistance on the weekly chart – $23.7

Major support on the weekly chart – $15

Avax Daily Chart Analysis

Avax Daily Chart Analysis With A Triple Bottom Trend Reversal | Source: AVAXUSDT On Tradingview.com

The daily chart for Avax price shows it is struggling to reclaim the 50 exponential moving average (EMA); this corresponds to a key resistance stopping the price of Avax from rallying higher.

Avax on the daily chart has good support at around $16.3 with a triple bottom formation.

A triple bottom is a bullish trend reversal formation that allows investors to accumulate more crypto assets.

With the price of Avax breaking above the 50 EMA and closing above this region would be good for bulls to push this price higher. The cost of Avax is trading below the 200 EMA, which could act as the Idea resistance for Avax when there is a clear breakout above the 50 EMA.

The price of Bitcoin is trying to reclaim the $24,000 region, which has proved difficult; a reclaim and close above this resistance with good volume would allow the price of Avax to rally with good buy volume.

The daily chart’s volume and relative strength Index (RSI) looks good, with the RSI above the 50 mark area.

Daily resistance – $24.7.

Daily support – $20.5.

Avax Price Analysis On The 4H Chart

Avax On The 4H Chart With A Symmetric Triangle Bullish Formation | Source: AVAXUSDT On Tradingview.com

The price of Avax on the 4H chart shows the price has reclaimed both the 50 & 200 EMA, indicating an upward trend if all market conditions remain favorable.

Avax on the 4H chart has resistance at $25.43, trying to build and break out of a bullish symmetric triangle. A break and close above the triangle would signal a good rally for Avax.

The volume of Avax shows buyers are stepping into the market after a series of panic sales due to market decline.

Avax has a relative strength Index above the 50 mark showing good signs of buy orders in the market.

Should Avax fail to go higher in the price above $25.43, a pullback is expected to the support that corresponds with the 50 EMA.

Resistance on the 4H chart – $25.42.

Support on the 4H chart – $23.4.

 

Related Reading

TA: AVAX Struggles To Hold Above Resistance As It Eyes $40

1 year ago

Featured Image From Finbold, Charts From TradingView.com 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

72 小時倒計時:Snorter Bot 代幣必須在領取開啟前全部售罄

距離Snorter Bot Token (SNORT)最終購買視窗關閉僅剩 72 小時,這是投資者在上線交易所前,以上市價格鎖定代幣的最後機會。 一旦開放交易,市場將全面放開,而隨著熱度急劇升溫、籌資...

newsbtc 2 hours ago

CZ 獲赦或引爆幣安 Meme 幣狂潮重演 Maxi Doge 強勢崛起為新一代 Alpha Pup

一隻兼具 Dogecoin(DOGE)魅力與「Giga Chad」氣勢的新 Alpha 狗——Maxi Doge (MAXI),或將在美國前總統唐納德·特朗普特赦前幣安首席執行官趙長鵬(Changpe...

newsbtc 3 hours ago
Bitcoin Price Stabilizes After Drop

Bitcoin And Astrology: Moon Cycles Predict When The BTC Price Will Touch $138,000

There have been different ways that market analysts have tried to predict the direction that the Bitcoin price could be...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Squeezes Tight

Ethereum Price Prediction: Analyst Forecasts What Will Happen In The Last Quarter Of The Year

Sandra White 34 minutes ago
Bitwise Solana ETF

Έκτακτο: Το Bitwise Solana ETF ετοιμάζεται για εισαγωγή – $SOL και $SNORT στοχεύουν σε εκρηκτικό rally

Ιωάννης Ριζόπουλος 47 minutes ago

Birža Weex piedāvā līdz 50% bonusu pirmajam depozītam līdz 100 ASV dolāriem

lasma 2 hours ago

Premium Sponsors

Press Releases

  • meme coin solana

    Phân Tích Giá Solana – Nhận Định Từ ChatGPT...

    3 hours ago
  • Giá MemeCore bùng nổ – PepeNode

    Các Meme Coin Tiềm Năng Nên Mua: Vì Sao PEPENODE...

    3 hours ago
  • PEPENODE Introduces Mine-to-Earn

    PEPENODE Ra Mắt Mô Hình Mine-to-Earn, Huy Động Gần...

    3 hours ago
  • Top 3 Altcoin

    Các Altcoin Tốt Nhất Nên Mua Khi Nhà Đầu Tư...

    3 hours ago
  • イーサリアム 今後 の価格予測:5,000ドルを突破できるのか、それとも投資家はより速い銘柄へ動くのか

    イーサリアム 今後...

    21 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.