Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Blv123 on June 17, 2022, 06:01:55 AM
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AVAX was one among the cryptocurrencies that saw a large increase in value following its recent bottom. After its price cascaded to recent lows, it experienced some accumulation, which is a good indicator. Zooming out, however, it is clear that it has been trading in a falling wedge pattern and is about to break out.
After the support retest, AVAX only managed to rally modestly. This is a sign that any accumulation at recent lows was insufficient to ignite a strong upswing.
At press time, AVAX was trading at $16.31, up somewhat from its recent low of $14.58. However, it was a rally of more than 10%, making it one of the top gainers in the recent 24 hours.
NFT trading at Avalanche has also improved over the past few days. Total NFT trading volumes peaked at $ 2.27 million on June 14. This was the largest NFT trading volume in the last four weeks.