Going long on AVAX? Here is the “but” to this possible trend reversal

📆 1/1/2023 1:35 AM
📰 CryptoAmb

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion A trend reversal could be possible if support at $10.86 holds AVAX bulls could target immediate resistance at $11.39 Avalanche [AVAX] fell over 25% from a high of $14.14 on 13 December to a […]

If BTC remains bullish and moves towards $17k, AVAX could target immediate resistance at $11.39, offering a potential gain of over 4%.

Technical indicators suggested that a support could hold. In particular, the Relative Strength Index reversed after sinking closer to the oversold territory. This showed that though buying pressure eased, it recovered slightly.

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