finans Archives - Coin Engineer https://coinengineer.net/blog/tag/finans/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 18 Feb 2025 13:13:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png finans Archives - Coin Engineer https://coinengineer.net/blog/tag/finans/ 32 32 AVAX Returns to Key Support Zone: Will the Decline Continue? https://coinengineer.net/blog/avax-returns-to-key-support-zone-will-the-decline-continue/ https://coinengineer.net/blog/avax-returns-to-key-support-zone-will-the-decline-continue/#respond Tue, 18 Feb 2025 13:30:25 +0000 https://coinengineer.net/blog/?p=36803 AVAX has returned to the order block zone where it previously found support and is currently moving sideways in this region. However, the overall downtrend remains intact, posing a risk factor that investors should carefully consider. Key Levels in the Daily Chart! The $22.30 level stands out as a critical support zone for AVAX. If

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]]> AVAX has returned to the order block zone where it previously found support and is currently moving sideways in this region. However, the overall downtrend remains intact, posing a risk factor that investors should carefully consider.

Key Levels in the Daily Chart!

The $22.30 level stands out as a critical support zone for AVAX. If daily closings occur below this level, selling pressure could increase, leading to further price declines.

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Recently, AVAX has been attempting to hold above the $22.30 zone, but price movements indicate that buyers are not yet strong enough. If a significant bounce does not materialize from this level, the search for new support levels at lower price points may come into play.

AVAX
AVAX/USDT pair 1-day chart.

Downtrend Continues in the 4-Hour Chart!

In the 4-hour chart, a minor uptrend has been broken, and the price has retested the Fair Value Gap (FVG) level during the decline before resuming its downward movement.

Currently, the $23.66 level has become a crucial support point for AVAX. The price is holding at this level for now, but without a fresh wave of buying interest, the potential for an upward move remains limited.

For AVAX to regain upward momentum, it must achieve a close above the most recent FVG zone. If this does not happen, the downtrend may persist, and new lower price levels could be tested.

AVAX
AVAX/USDT pair 4-hour chart.

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