• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 1, 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 Price Analysis & Prediction (Mar 13th) – AVAX is Losing Grip Amid Market Meltdown, Breaks Lower

Michael Fasogbon by Michael Fasogbon
March 13, 2023
in News
Reading Time: 3 mins read
0
avalanche avax crypto price analysis

Avalanche (AVAX)

Share on TwitterShare on Facebook

AVAX’s reaction to price has increased negatively since it plunges below $17. It will likely suffer more losses following today’s breakdown from a consolidation phase.

Support levels are getting flipped daily as Avalanche continues to extend bearish actions. The price has been falling consistently for two weeks with no strong signs of reactions from the bulls. 

The retracement movement – which started last month – is fast reaching the key descending trendline that has served as resistance in the past months. However, it provided support in February. But it doesn’t appear to do the same with the ongoing sell-off. The price could tank heavily in the next few days.

It just lost grip at $16 after trading in the middle of consolidation for four days. While selling pressure is just building on the daily timeframe, the price is already dropping on the 4-hour timeframe.

As long as the bears continue to gain dominance, we should expect more breakdowns to occur. A reaction from the bulls’ side could bring relief and, at the same time, fuels a small bounce to form a lower high at around $19.

If the bulls fail to show commitment, the bears will continue overpowering them in the quest to take more lows. A look at the price actions from a macro level indicates that the trend is still in favor of the bears. 

AVAX’s Key Level To Watch

avalanche avax price analysis
Source: Tradingview

The closest support level to the current trading price is $15.56. It is then followed by the January surge level of $14.45. There is another major support at $12.

A recovery above the $16.9 resistance level could give room for small buy actions to $19.47. The key resistance level to keep in mind is $21.8 if the price recovers well. The increase in selling volume may hinder positive actions at press time.

Key Resistance Levels: $16.9, $19.47, $21.8

Key Support Levels: $15.56, $14.45, $12

  • Spot Price: $15.9
  • Trend: Bearish
  • Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Image Source: photogranary/123RF // Image Effects by Colorcinch

Tags: avalanche
Previous Post

Floki Inu Price Analysis & Prediction (Mar 13th) – FLOKI Gears For Another Impulsive Move Following a 10% Gains

Next Post

Is Solana Deflationary? What Is Solana Inflation? Why Is Avorak AI Better?

Related Posts

Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025
Bitcoin Shakes as Trump Talks Tariffs Again
Featured

Bitcoin Shakes as Trump Talks Tariffs Again

May 27, 2025

Press Releases

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?

by Alex Mercer
May 25, 2025

Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI)...

Read more
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
Trump Meme Coins Spark Calls for Treasury Review

Trump Meme Coins Spark for Treasury Review

May 15, 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