Add as a preferred source on GoogleAvalanche Trades Below Key Averages With $7.77 Support in Focus
Avalanche (AVAX) traded near $8.28 and was flat over 24 hours Friday. A daily close below $7.77 would put $7.05 support in view.
Avalanche (AVAX) traded near $8.28 Friday, roughly flat over 24 hours, while its price remained below both the 50-day and 200-day averages.
The 50-day average stood near $8.94 and the 200-day average near $9.01. The nearest support was $7.77. If AVAX finishes a day below that level, the next chart floor is near $7.05.
Resistance sits near $9.15, with another level around $9.76. The relative strength index, a momentum measure, was near 42. The moving average convergence-divergence indicator had moved above its signal line, while the trend-strength reading showed no strong direction. AVAX had fallen about 19% over the prior month.
Analyst Javon Marks has projected potential gains exceeding 1,100% without specifying a timetable. TokenPost previously covered Marks’ projection. The nearer chart levels are $7.77 on the downside and the averages above AVAX’s current price.