Avalanche price analysis: AVAX expected to fall to $20.00

Avalanche price analysis suggests downwards movement across the short-term charts. The closest support level lies at $22.74 AVAX faces resistance at the $24.96 mark The Avalanche price analysis shows that AVAX has been unable to climb past the $25.00 mark as the bearish pressure increased in recent hours.

Timeline of Avalanche

Terra‘s unfortunate de-pegging event made May a bloody month for the overall crypto ecosystem. Despite the obvious downtrend, one particular ecosystem, Avalanche showcased some promising developments.

Avalance price analysis is bullish today as the market gears up for a breakout from the descending triangle pattern. The AVAX/USD pair is currently trading at $22.94 and is facing resistance at $23.36.

A new descending trendline carrying the ongoing downfall has pulled the Avalanche(AVAX) price back to $22 support. If sellers continue to exert pressure, the coin price could nosedive below this support extending the fall by another 30%.

Avalanche price analysis indicates that the prices are still bearish after the market has been struggling to move beyond the $24.0 level. Avalanche prices are currently trading at $22.75 and are down by over 7 percent in the last 24 hours according to data from CoinMarketCap.The market capitalization of the project is currently at $1.6.

In the midst of this week's market turbulence, a crypto trader who is pseudonymously known as Altcoin Sherpa is expressing his view on Ethereum price and other altcoins. Avalanche (AVAX) The analyst informs his 176,300 Followers on twitter that the native currency for smart contract platform Avalanche (AXAX) may see a nice short-term trading option …

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week's market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn't think the asset has hit its “macro bottom” quite yet. $AVAX: The post Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst appeared first on The Daily Hodl.

The volatility of the crypto market has been a matter of concern for authorities and regulatory bodies around the world, and it is not exactly making a case for its considering the month of May 2022.  This Avalanche hurt a lot of people After the market crashed for the second time this month this week,

A popular crypto strategist says that rallies are on the horizon for two Ethereum (ETH) challengers, including Solana (SOL). Pseudonymous crypto analyst Pentoshi tells his 556,200 Twitter followers that he believes Solana is poised for a rally as traders get overly bearish on the smart contract platform while it hovers at a key support level. The post High Probability Rallies in Sight for Solana and One More Ethereum Rival, According to Top Analyst appeared first on The Daily Hodl.

The Avalanche price analysis shows a bullish trend. The AVAX/USD is the highest gainer today in the market among the top 100 cryptocurrencies, as the AVAX bulls took the price from $24.4 to $26.5 in a swift move, gaining good value in a single day.

Ava Labs wants to move the Bored Ape Metaverse and the ApeCoin on the Avalanche network because it can be the right subnet to power them so let's read more today in our latest cryptocurrency news. Ava Labs wants to move Yuga Labs' Otherside and ApeCoin to Avalanche.