Despite +5% Plunge, Indicators Show AVAX Bear Grip is Short-lived By CoinEdition
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Despite +5% Plunge, Indicators Show AVAX Bear Grip is Short-lived- Indicators suggest that the AVAX price drop might be modest.
- Bullish dominance in the AVAX market comes to an end after hitting resistance at 21.18.
- Recent reports indicate that the AVAX market is pessimistic.
Following resistance at the intraday high of $21.18, bulls in the (AVAX) surrender, and bears retake control of the market. AVAX’s price fell 5.88% to $19.57 as a consequence of this bear capture. The bullish hand was visible on the 24-hour chart with spikes of upswings, but due to increased bear power, bullish efforts were ruled void.
Market capitalization dropped by 5.70% to $6,164,009,051 as investors pulled out due to the bear grip and the concern of an additional price collapse. A 65.66% increase in 24-hour trading volume, to $665,980,972, demonstrates that investors remain cautiously optimistic about the market and the possibility of a price recovery.
The post Despite +5% Plunge, Indicators Show AVAX Bear Grip is Short-lived appeared first on Coin Edition.
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Despite +5% Plunge, Indicators Show AVAX Bear Grip is Short-lived- Indicators suggest that the AVAX price drop might be modest.
- Bullish dominance in the AVAX market comes to an end after hitting resistance at 21.18.
- Recent reports indicate that the AVAX market is pessimistic.
Following resistance at the intraday high of $21.18, bulls in the (AVAX) surrender, and bears retake control of the market. AVAX’s price fell 5.88% to $19.57 as a consequence of this bear capture. The bullish hand was visible on the 24-hour chart with spikes of upswings, but due to increased bear power, bullish efforts were ruled void.
Market capitalization dropped by 5.70% to $6,164,009,051 as investors pulled out due to the bear grip and the concern of an additional price collapse. A 65.66% increase in 24-hour trading volume, to $665,980,972, demonstrates that investors remain cautiously optimistic about the market and the possibility of a price recovery.
The post Despite +5% Plunge, Indicators Show AVAX Bear Grip is Short-lived appeared first on Coin Edition.
See original on CoinEdition
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