From this price, avalanches can rise sharply »Crypto Insiders

In the premium environment of Crypto Insiders, current technical analysis is shared daily by experienced analysts. In recent times, Avalanche (AVAX) has been regularly discussed here. In this section, we look back at this technical analyzes and we map the latest developments and expectations for the coming period. If you still have questions after reading this article, you can easily ask them in our Discord community, here our technical analyzes are usually shared with our members 48 hours earlier.

AVAX has risen around 7.3% over the last 24 hours. Still, we saw the volume of AVAX fall within the same time frame. Over the past seven days, however, things have gone a little less well. During this period, the share price fell by about 2%. AVAX is ranked number 14 by market value at the time of writing.

What is Avalanche (AVAX)?

Avalanche is a platform on which everyone can build their own multifunctional blockchain and decentralized applications (dApps). Avalanche works through smart contracts within Decentralized economy (DeFi) sector. In addition, the platform is trying to address some of the limitations that older blockchain platforms face. Think of the low transaction speed, centralization and scalability.

Latest news Avalanche (AVAX)

An interesting recent development around Avalanche is the project being handed over to Yuga Labs, the team behind the wildly popular Bored Ape Yacht Club. non-fungible token (NFT) line, has offered to bring her ecosystem to Avalanche.

The competitor to Avalanche Ethereum (ETH) had already pitched why Yuga Labs should come to Ethereum. Avalanche indicates that they would be the ideal platform for Yuga Labs and its Bored Ape ecosystem due to the fast network and low transaction costs. This would of course be a great addition to the Avalanche as the Bored Ape ecosystem gets bigger and bigger.

Technical analysis AVAX

AVAX looks very bearish for now and is well on its way to the level where we want to buy. To finish the black A on the graph, we will have to go further down. The price levels and the full analysis can be read in the Discord environment at Crypto Insiders.

We expect the price to be able to rise again when it reaches these levels, but so far it is still unclear where we may end up, but we will keep you informed of developments around AVAX!

image 1: The AVAX analysis above was shared on May 27 in our Discord area for members.

What are the expectations for AVAX?

Unfortunately, there is no updated roadmap yet available for the Avalanche for 2022. This is sent via this side offered when available.

Whether the latter will have an additional impact on the price depends on a wide range of factors that differ daily. The crypto market and heavily subject to economic events and traditional stock markets. This sometimes makes it difficult to determine the right time to invest in a particular project.

Buy or sell AVAX?

Would you like to see this kind of price analysis of crypto earlier? Then we would like to refer you to ours Premium community for members. Here, experienced analysts and traders discuss their own trading plans on a daily basis. We also regularly share additional price analyzes and updates of projects that we have discussed earlier in this section. Through Discord, we can share knowledge with each other 24/7, and we try to be at the forefront of the market with our members.

Disclaimer: Investment involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

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