#July PPI Beats Expectations#



The recent unlocking of 1.67 million AVAX tokens worth nearly $40 million had little impact on the altcoin's price, demonstrating its resilience to increased supply.
AVAX is holding above the important support level of $24.39, while the 50-day EMA is approaching the 200-day EMA. The formation of a "golden cross" could signal a rise. If this happens, the price may rise to $26.11 or higher, continuing the upward movement. However, if selling pressure intensifies, AVAX could drop below the support level of $24.39. In this case, the price could fall to $23.33 or lower, which would negate the bullish forecast and indicate a possible correction.
AVAX4.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Ybaservip
· 08-16 23:19
2025 GO GO GO 👊
Reply0
GateUser-68291371vip
· 08-16 13:40
2025 GO GO GO 👊
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)