Ethereum

Solana

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/avax-experiences-significant-price-movements/" data-wpel-link="internal">AVAX Experiences Significant Price Movements</a><br></p>
<p style="text-align: justify">Looking back at 2021, two cryptocurrencies were dubbed Ethereum killers. <a href="https://en.coin-turk.com/crypto-market-soars-as-bitcoin-hits-highest-level-in-2-years-will-the-rise-continue/" data-wpel-link="internal">Solana</a> and AVAX were at the peak of this process. AVAX, which reached historical highs during this period, also experienced a notable decline. Recently, the altcoin, which had returned above $60, fell below $30. So, what is happening with AVAX right now?</p> 
<h2 style="text-align: justify" id="avax-price-prediction-and-outlook">AVAX Price Prediction and Outlook</h2> 
<p style="text-align: justify">Bitcoin’s price has continued to decline since the interest rate decision period, dropping from $70,000 to $64,000. During this period, AVAX experienced a significant 28% decline. This price drop brought AVAX to the critical support level of $25.</p> 
<p style="text-align: justify">On the other hand, AVAX’s RSI value also fell to 28, which can be interpreted as an oversold condition in the market.</p> 
<p style="text-align: justify">Previous predictions for AVAX indicated that it could fall below the $30 level. These predictions also suggested that some investors were eyeing the $25-27 range as a buying opportunity.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363168" src="https://coin-turk.com/wp-content/uploads/2024/06/avax-1-coin-turk-com.png" alt="" width="1102" height="562"></p> 
<p style="text-align: justify">These predictions did not fail, and the $25 level, the lowest seen since December 2023, was visited. The price then bounced back, rising by 6% to $26.50. At the time of writing, the price is just below $26. This indicates that the $25 level serves as a critical support for AVAX for now.</p> 
<p style="text-align: justify">Currently, the price is showing a bearish scenario as it trades below all major <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">technical analysis</a> indicators on the daily timeframe. It is below the Ichimoku Cloud, the base line of the cloud, and the exponential moving averages, all of which are strong bearish signals.</p> 
<h2 style="text-align: justify" id="current-status-of-avax-addresses">Current Status of AVAX Addresses</h2> 
<p style="text-align: justify">The number of unique addresses holding AVAX is also significant for the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> of the cryptocurrency and its network. When examining the existing addresses on the AVAX side, this number increased from 41,316 on June 3 to 22,060 from June 10 to June 17.</p> 
<p style="text-align: justify">These data are particularly important in the context of a bearish market. The first week of the mentioned period showed a larger increase compared to the second week, indicating that the number of new addresses is growing day by day.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-363169 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/avax-2-coin-turk-com.png" alt="" width="1128" height="387"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/avax-experiences-significant-price-movements/" data-wpel-link="internal">AVAX Experiences Significant Price Movements</a></h5>

AVAX Experiences Significant Price Movements

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