AVAX [Avalanche] enters into narrow price range as it prepares to exit…

AVAX was among the cryptocurrencies that registered a significant upside after its recent bottom. A healthy sign that it experienced some accumulation after its price cascaded to recent lows.

Timeline of Avalanche

Fears of inflation and economic uncertainty continue to drive down the price of bitcoin, altcoins, and the volume of the cryptocurrency market. Bitcoin's price plummeted to $21,000 on Wednesday while the altcoins too followed BTCs suit and crashed. Although, at the time of writing, the majority of the top 10 coins had made minor gains …

A popular analyst is digging into the charts to set price targets for four crypto assets as the markets tumble. The pseudonymous trader known as Altcoin Sherpa tells his 177,300 Twitter followers that he's looking at leading smart contract platform Ethereum with one-week candles, and that the $500 to $800 range a possibility if ETH The post Here's How Low Ethereum, Solana, Avalanche and One Additional ETH Rival Will Go, According to Crypto Analyst appeared first on The Daily Hodl.

Avalanche price analysis shows that the bear market is still in control as prices have fallen below the $15.00 mark. This is a significant decline, and it seems that the market is still not ready to turn around.

Avalanche price analysis shows a bearish market sentiment established in the last few days. The market is currently in a broad-based selloff as investors flock to safe-haven assets amid concerns over the outlook for the global economy.

Although the development is supposed to be a positive trigger for Avalanche [AVAX], it has been subdued by the broader market's bearish cues that have already wiped out more than $137 billion from the crypto market. Avalanche loses further Avalanche, even though wasn't the best performing asset in the market, was still doing better than

Avalanche price analysis suggests sideways movement below $20.00 The closest support level lies at $18.04 AVAX faces resistance at the $20.00 mark and further above at $22.32. The Avalanche price analysis shows that AVAX has finally found support at the $18.00 mark, which has caused significant bearish pressure to subside.

Nansen, the blockchain data analytics platform, has announced the launch of a new dashboard for Avalanche which will “provide extensive NFT market overviews and related data.” Year to date, the NFT-related activity on AVAX has “become a dominant source of activity on its c-chain.

Avalanche price analysis shows AVAX prices continue to trend lower on the charts, as the market bears remain in control. Prices have sought support at around $20.0, but this level has so far not been able to hold.

Recently, the host of popular crypto analytics and market commentary show Coin Bureau shared his latest thoughts on $AVAX, the native token of  smart contracts platform Avalanche. Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.

The Global cryptocurrency market capitalisation took another hit of around 2% over the last day to stand at $1.23 trillion. However, a crypto whale has grabbed this opportunity to add over $600 million of multiple tokens amid the drop.