AVAX Price & SafeMoon Price Display A Strong Tendency To Propel High

The crypto space currently is falling into a bearish trap as most of the cryptocurrencies is declining in their prices. Bitcoin price after smashing $50K quickly initiated shedding its gains and trades below $47,000 at the press time. Also, the top 10 cryptocurrencies are plunging on an average of 5% compared to that of the previous day’s trade. 

Avalanche(AVAX) Price Drained Nearly 50%

Avalanche price remained within $5 since its inception until a major boost kicked off the rally to hit $59.94. Since then the price kept declining and traded below $10 marking the bottom of the rally. However, the AVAX price went parabolic, aiming to smash the current ATH, but yet again slipped before reaching the target. 

AVAX price fell into a descending channel as it attempted to break the highs, yet appears to be self-assured of a substantial rebound. However, the price is very close to the immediate resistance levels and attaining these levels could possibly allow the price to form new higher highs. 

Technical Specifications

  • Resistance levels are at $52.17
  • Support levels are at $40.66
  • Indicators point out towards a buy signal

Also Read: Ethereum Price Prediction, ETH Can Hit $15000 In 6 Months, Yet Buying Opportunity Underway

SafeMoon Price Primed For a Massive Upswing

Safemoon price had an impressive debut within the crypto space by hitting an all-time high within a few days of its inception. Yet, the downtrend was pretty strong which kept the ATH distinct from the current levels. The initial target of the asset is to kill a zero before propelling towards its highs. 

safemoonprice

The price after multiple rejections at $0.000002400, the price broke through the resistance levels and smashed $0.000002700 with a massive 30% jump. However, the uptrend is expected to continue until it achieves its initial target at $0.00000300. The increased trading volume of about 76.54% also manifests the increased volatility that could provide a notable push for the Safemoon price. 

Technical Specifications

  • Resistance levels are at $0.000002835
  • Support levels are at $0.000001515
  • Indicators point out towards a buy signal

Also Read: Cardano(ADA) Price Losing The Grip, A Clear Path Close To $2.3 Is Visible


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