Investors have been very concerned as a result of the sudden network disruption experienced by Avalanche. Given that this is the second outage in five days, there has been a great deal of confusion as UpBit temporarily halted all AVAX transactions. UpBit is a major crypto exchange in South Korea.
Just a few days ago, the C-Chain stopped producing blocks, causing the first outage. AVAX’s pricing has been correspondingly dropping ever since the first downtime occurred. AVAX is currently worth $16.46 on CoinMarketCap, a decrease of more than 5% from last week.
Key Avalanche Levels To Watch – March 28
Following the market structure shift to the downside last month, the price experienced a short-term rally into a rejection block. The rejection block caused prices to decline exuberantly, thereby leading to a break in the market structure. According to the Moving Average, the overall trend of AVAXUSD is bearish.
Recently, the price retested the $18.661110 price level, which eventually caused the resumption of the downward trend. AVAXUSD is likely to continue crashing downward until the liquidity void created in January 2023 is filled.
Avalanche Key Levels
Resistance Levels: $30.867700, $22.796300, $18.661110
Support Levels: $14.609400, $12.946240 $10.577300
Total Market Capitalization: $1.13T
Avalanche Market Capitalization: $5.35B
Avalanche Volume: $0.14B
Market Rank: #16
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.