1
The Avalanche price made a breakdown below the 20-day EMA, suggesting weakness.
2
The AVAX crypto was trading close to $47.39, reporting a positive intraday development of 4.59%.
The Avalanche price jumped nearly 4.59% in Intraday and is recovering losses on Saturday. The bulls are attempting to regain control over the trend and reclaim dominance above the 50-day exponential moving average.
The recent sessions saw a sudden fall due to profit-taking as the price loomed downwards after a consolidation near the highs. The selling pressure received was backed by momentum, due to which the 50-day EMA could not hold the price, and a breakdown was noted on the charts.
However, the bulls seem aggressive in Intraday, have recovered nearly 4.59%, and may reestablish themselves above the 50-day EMA if the momentum continues. The long-term trend outlook is still bullish so that it may attract short-term traders and investors at a discounted pr
We współpracy z: https://www.thecoinrepublic.com/2024/04/06/avalanche-price-forecast-can-avax-make-comeback-and-shine-again/
