@BOMBERuss 12 September 2022 more from that month

The #AVAX price shows that the recent rebound is close to exhaustion after the immediate resistance level moved into the support floor. The #breakdown of the aforementioned barrier can lead to a sharp sell-off. After a 26 percent sell-off at the end of August, the AVAX price created a base at about $ 18. Despite the bearish forecast, altcoins received an upward momentum after the growth of bitcoin. As a result, the token grew by 18% and on September 10 set the maximum fluctuation at $21.18. This move turned the $20.16 resistance barrier into a support level, sending a bullish signal to Avalanche bulls and investors. However, now it seems that AVAX may collapse, as the price is trying to break through the recently inverted support level at $ 20.16. B if successful, the bears may provoke a decline of 12%, which will return the price to the minimum fluctuation on August 29 at $ 17.46. This will allow them to collect liquidity for sale. This stop-hunting may allow market makers to bring down the AVAX price to $15.74 or lower, resulting in a total loss of 12% to 20%. #CryptoCurrency