Avalanche Price Analysis: EMA Death Crossover Could Boost AVAX Correction

On April 21st, the Avalanche(AVAX) price gave a bearish breakdown from a three-month-old rising wedge pattern. The post-retest fall tumbled the altcoin by 25%, bringing it to $60 psychological support.

Timeline of Avalanche

It's always a shock to wake up and find you're not one of the top 10 anymore. In fact, that was what happened to Avalanche [AVAX] as two stablecoins and a meme coin pushed ahead of it in terms of market cap ranking so that AVAX was crypto #13 at press time.

AVAX just concluded another bearish week during which it extended its downside to 47% from its April high. It peaked at $103 on 2 April after a healthy pump from mid-March, before concluding the bearish monthly performance in April at $55.05.

AVAX price remains on tough ground falling more than 40% in the April series. The price started the series on a lower note and continued to drift lower indicating the ignorance of the AVAX buyers.

Liminal, an “enterprise-grade” platform for digital asset custody, has announced a partner program with Avalanche, which claims to be the “fastest” smart contracts platform in the blockchain industry, “to secure projects built on their platform.” As noted in an update shared with CI, the collaboration.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Avalanche [AVAX] has been on a persistent downslide after slipping from the $101-mark at the inception of this month. The sellers continued to steal the existing momentum.

The government surveillance whistleblower Edward Snowden ended up revealing that he played a pivotal role in the creation of the privacy token known as Zcash ZEC/USD.  There was a video posted by Zcash Media that featured an interview with Snowden, where he outlined his involvement as one of the six people who had a piece The post High-growth potential tokens that should not be missed this week: SOL, ZEC and AVAX appeared first on Invezz.

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Avalanche network's premier scaling solution is being put to the test as subnets begin to roll out Anchor's yield reserves are drawing down quickly as Terra's UST continues its rapid expansion across L1 ecosystems The Polkadot ecosystem nears a major milestone with the pending arrival of XCM

With the bear cycle cracking below the support trendline, the sellers plan a downfall below the $70 mark. Moreover, the retest of the bearish breakout brings an entry point for sellers.

A leading crypto asset manager says that institutional investment products stemmed outflows last week thanks to continued investment in altcoin-focused products. In the most recent Digital Asset Fund Flows Weekly report, CoinShares finds that crypto investment products suffered minor outflows last week. “Digital asset investment products saw outflows cool last week, totaling US$7.2m, bringing total outflows The post Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares appeared first on The Daily Hodl.

Avalanche(AVAX) Avalanche price was all set to begin the fresh weekly trade on a significant upswing but eventually ended up draining the price. The AVAX price was above both 55-day MA and 200 day  MA levels and quickly the price was pushed towards the south quickly towards $70. However, the price just broke from the …