Support at 23.80 Archives - Coin Engineer https://coinengineer.net/blog/tag/support-at-23-80/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 10 Feb 2025 15:20:48 +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 Support at 23.80 Archives - Coin Engineer https://coinengineer.net/blog/tag/support-at-23-80/ 32 32 Critical Moment for AVAX Rise: Will the Bull Trend Begin? https://coinengineer.net/blog/critical-moment-for-avax-rise-will-the-bull-trend-begin/ https://coinengineer.net/blog/critical-moment-for-avax-rise-will-the-bull-trend-begin/#respond Mon, 10 Feb 2025 18:00:10 +0000 https://coinengineer.net/blog/?p=36314 The AVAX market is currently moving in a sluggish, selling-dominated environment, and as things stand, it is hard to envision a sustained rally without breaking above the $26.70 level. As of now, AVAX is experiencing low trading volumes, with sellers having control over the price action. This aligns with the broader market sentiment, where uncertainty

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]]> The AVAX market is currently moving in a sluggish, selling-dominated environment, and as things stand, it is hard to envision a sustained rally without breaking above the $26.70 level. As of now, AVAX is experiencing low trading volumes, with sellers having control over the price action. This aligns with the broader market sentiment, where uncertainty and caution dominate investor behavior.

At this stage, the price is locked in a relatively narrow range, and a breakout is necessary for any significant movement in either direction. If AVAX can break above $26.70 with strong volume, it could signal the start of a bullish phase. However, until that happens, investors should be cautious, as the market is showing signs of weakness.

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In terms of support, the critical level to watch is $23.80. This level will act as a line in the sand for any potential downside. If AVAX closes below this support level, it could trigger a further decline, possibly leading the price to test its previous low points, reaching as far down as the last wick.

What’s Next for AVAX?

The key takeaway for investors is to wait for a breakout or a breakdown. In this market, AVAX won’t make significant moves without one of these events. If the price breaks $26.70 and closes with strong volume, it will likely signal a new upward trend. On the flip side, if the price falls below $23.80, it could mean further downside risk for AVAX, potentially reaching the lowest levels in recent weeks.

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