• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 2, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Avalanche (AVAX) Faces Consolidation After 15% Rally, While WienerAI Presale Crossed $2.3 Million

Jordan Avery by Jordan Avery
May 19, 2024
in Press Releases
Reading Time: 3 mins read
0
Avalanche, Price Forecast, AVAX, Investor Sentiment, WienerAI, Memecoin, Cryptocurrency, Market Analysis,AI, Trading
Share on TwitterShare on Facebook

Avalanche (AVAX) price is likely to continue to move sideways due to the lack of significant growth incentives. However, Sentiment among AVAX holders is also gradually turning bearish as short-term investors dominate the supply. On the other hand, a fresh memecoin on the scene, WienerAI, is achieving remarkable triumphs with its early-bird presale.

Investors are Getting Ready to Sell Avalanche

Avalanche’s price could soon feel the impact of investor behavior, with supply dominated by short-term holders, who are known to hold their holdings for one month or less. In the case of AVAX, they hold almost 28% of the total circulating supply, or 107 million tokens.

Avalanche (AVAX) Faces Consolidation After 15% Rally, While WienerAI Presale Crossed $2.3 Million
AVAX supply distribution. Source: IntoTheBlock

Additionally, the altcoin risks facing significant resistance at $38. According to the Global In/Out of the Money (GIOM) indicator, approximately 12.47 million coins were purchased at this price. If holders decide to exit their positions, the upward momentum may fizzle out.

GIOM AVAX. Source: IntoTheBlock
GIOM AVAX. Source: IntoTheBlock

Avalanche (AVAX) Price Forecast: Consolidation Ahead

Avalanche’s price has risen more than 15% over the past few days. At the time of writing AVAX price is trading at $36.5, meanwhile, the $31 mark became the lower limit of the consolidation range in which the altcoin has been for a month. The upper limit is located at $39.

aVAX-AVALANCHE
coinmarketcap

Over the past month, AVAX tried to break out of consolidation three times, but failed each time. This will continue until the 50-day exponential moving average (EMA) crosses the 200-day EMA. However, the bearish thesis could be refuted if investors decide to hold or accumulate tokens. In this case, Avalanche will break out of the range, potentially confirming $39 as support.

WienerAI Presale Rockets Past 2.3 Million Benchmark

The pre-launch phase of WienerAI memecoin, preceding its official debut, has attracted substantial interest from initial adopters and investors keen to jump in at the ground level of what promises to be a groundbreaking addition to the cryptocurrency ecosystem. Additionally, exceeding the 2.3 million mark during the presale signifies not just the fervor surrounding the project but also the burgeoning desire for creative and unorthodox digital assets. Furthermore, WienerAI, a project that merges predictive technology with an intuitive AI interface to empower cryptocurrency traders, has surpassed the 2.3 million mark in its presale.

About WienerAI Presale Progress

WienerAI’s technology empowers users to swiftly scour the crypto market for promising prospects. Users can consult WienerAI to identify their next trade, and the platform furnishes market analysis to assist them in making well-informed choices. Additionally, WienerAI facilitates effortless and MEV-free swaps via decentralized exchanges.

wienerai-presale11

The project utilizes $WAI, an ERC20 token on the Ethereum Blockchain, as its primary token. $WAI fuels the WienerAI trading bot. WienerAI underscores the immense potential of AI in the financial sector, stressing that current functionalities are merely a peek at what the future holds. Moreover, the project emphasizes Wiener’s limitless upgradability and its adaptable technological design, guaranteeing WienerAI stays at the forefront of AI advancements in the trading domain.

Tags: AiavalancheAVAXcryptocurrencyinvestor sentimentMarket AnalysisMemecoinprice forecastTradingWienerAI
Previous Post

Solana surpasses Ethereum and Polygon in transaction speed

Next Post

Long-Term Ripple (XRP) Holders Are Moving Tokens as Metaverse Shopping Evolves with Mallconomy

Related Posts

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing
News

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?
Market Analysis

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode
News

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
Trump Meme Coins Spark Calls for Treasury Review
News

Trump Meme Coins Spark for Treasury Review

May 15, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier