តម្លៃ Avalanche (AVAX) អាចត្រូវបានបញ្ចប់ការកែតម្រូវ

នេះ Avalanche (AVAX) price shows signs of a completed correction but has not confirmed its bullish reversal yet.

AVAX is the native token of the Avalanche network, a blockchain platform that specializes in smart contracts. The AVAX price has fallen since reaching an all-time high of $147 in November 2021. The decrease led to a low of $10.54 in December 2022. The price has increased since. 

In January, the digital asset reclaimed the $15.50 horizontal area and validated it as support this month. 

While the price action shows bullish signs, the weekly ខ្សែ RSI remains below 50 (red circle). Therefore, the long-term trend is not bullish yet.

AVAX has also followed a descending resistance line since August 2022. Whether it breaks out from the line or falls below the $15.50 area could determine the future trends direction. 

A breakout could lead to highs near $29, while a breakdown would likely lead to lows near $9.

ការផ្លាស់ប្តូរតម្លៃ Avalanche (AVAX)
តារាង AVAX/USDT ប្រចាំសប្តាហ៍។ ប្រភព៖ ទិដ្ឋភាពពាណិជ្ជកម្ម

Has Avalanche (AVAX) Price Already Completed Correction?

While the weekly chart provides an uncertain outlook, shorter ស៊ុមពេលវេលា provide a more bullish outlook. This is especially evident in the six-hour one. 

មានហេតុផលជាច្រើនសម្រាប់រឿងនេះ។ 

ទីមួយ តម្លៃ reclaimed the 0.618 ហ្វីល retracement level at $15.30 after previously deviating below it. As seen in the weekly time frames, such deviations are considered bullish development. 

Secondly, the six-hour RSI generated bullish divergence (green line). This is another sign associated with bullish trends. 

Finally, it seems that the price has completed an អេប៊ីស៊ី corrective structure. If so, another upward movement has now begun. This count would be confirmed by an increase above the wave A low (red line) at $16.84. In that case, the AVAX token price would be expected to break out from the previously outlined ការតស៊ូ line and increase toward $29.

Avalanche (AVAX) Price Correction
AVAX/USDT Six-Hour Chart. Source: ទិដ្ឋភាពពាណិជ្ជកម្ម

To conclude, the most likely Avalanche price forecast is a breakout from a long-term descending resistance line and an increase toward $29. A movement above $16.84 would confirm this. On the other hand, a weekly close below $15.50 would invalidate this outlook and could lead to a fall toward $9.

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Source: https://beincrypto.com/avalanche-avax-price-could-completed-correction/