Why investors must keep an eye on these AVAX price levels this week

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Like most altcoins, Avalanche (AVAX) noted a substantial diminution in its value over the past month. The sell-off from its six-month trendline resistance (white, dashed) carved out a falling wedge (white) on the daily timeframe.

Timeline of Avalanche

The crisis with Terra's stablecoin TerraUSD (UST) and the free fall in Terra's LUNA token has put a deep dent the overall crypto sentiment. Every coin has witnessed some losses following this crash.

Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly today's biggest gainer, recent volatility and

Avalanche price analysis indicates AVAX closed the week in a bearish trend and is now trading around $30.The prices have declined by 15.08 percent in the last 24 hours and are likely to plummet further. The digital currency has been on a downtrend for the entire week and today it hit the lowest point of.

Yeti Finance, an innovative decentralized lending protocol with over $850 million in total value locked (TVL), has integrated Chainlink Price Feeds (LINK/USD) on Avalanche Mainnet (AVAX/USD), Invezz learned from a press release. The protocol has access to high-quality, tamper-proof price feeds by integrating the industry-leading decentralized oracle network, thereby ensuring protocol solvency. This is possible The post Yeti Finance integrates Chainlink on Avalanche Mainnet appeared first on Invezz.

Avalanche price analysis reveals a prevailing downtrend as AVAX prices set to lows of $26.85 in the early hours of the day. The market has seen a general sell-off, with AVAX price declining by a significant value of 23.50 percent in the last 24 hours.

The crypto market has deep-dived to 11% in just 24 hours. It's been in the hole or behind and most coins (led by LUNA) have been suffering major losses such as Avalanche, ApeCoin, Solana, and Shiba Inu, to name a few.

Today the global cryptocurrency market is on the verge to close on a bearish note as the wider market capitalization is trading at $1.39 trillion with a downfall of 4.83% in the last 24hrs.  Amidst this crypto market's blood shedding and struggle to find stability, A well-known crypto analyst who is pseudonymously known as Altcoin …

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday's trading

Last week's candle closing below the $53.6 support intensified the ongoing correction in Avalanche(AVAX) price. The resulting freefall reflects a 35% devaluation as coin prices tease a bearish breakdown from the 0.786 FIB level.

Avalanche price analysis is in favor of bears for today as a decrease in price has been observed today. The market has been following a bearish trend since 5 May 2022, and today, the cryptocurrency is facing a loss once again as the bearish momentum has been able to stop the price from going above.