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Avalanche (AVAX) broke an important resistance!
With the spike in Bitcoin (BTC), we've seen spikes in many major coins. Among them, the most striking names were SOL and AVAX. The popular coin, which started an upward trend at $11.16, approached $16. But the oscillation in BTC cut the momentum of AVAX.
AVAX, which has increased since $ 10.02, approached $ 16 under the leadership of BTC. But the very fast correction of BTC shook the entire altcoin market. The popular coin, which has withdrawn to $14.89, is hovering above the critical $14.56. If AVAX continues to stay above this value, it can make an attack at $14.56 – 16.59 – 18.46 – 20.21 and $21.57, respectively.
The continuation of the sales intensity in BTC or a FUD news from the Avalanche ecosystem may disrupt the price balance. In this scenario, the support zones to watch for AVAX are 14 – 12.59 – 12.25 – 11.81 – 11.16 and 10 dollars, respectively. Especially $10 is a very critical support point.
A breakout of this value could push AVAX to a larger decline in the medium-long term.
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