Avalanche Prepares to Soar With Rising Development Activity
Login

Avalanche Prepares to Soar With Rising Development Activity

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Surging development activity has made Avalanche ready for the next bull run. Luigi, the director of Defi at Ava Labs, recently posted a tweet. He noted that the number of Avalanche’s developers has not altered for some time. Currently, Avalanche coin is outperforming other altcoins.

Check out X to see what Crypto experts have to say about AVAX.

Along with the growth in Avalanche developers, blockchain development activity is also accelerating. From here, an upward reversal is probable because it is closely related to the Chaikin Money Flow (CMF). The details provided by Coinglass also show that the Avalanche’s open interest has significantly decreased, which typically signals a trend reversal.

Watch this to discover more. Continue below to learn more about the Avalanche market

Avalanche Key Levels to Watch: September 12

Resistance Levels: $16.00, $22.00, $30.90
Support Levels: $10.60, $6.00, $0.60

Surge in Development Activity Prepares Avalanche for Next Bull Market

The bearish trend that began at the $22.00 resistance level seems to end as the price undergoes its last impulse swing. Moreover, the RSI (Relative Strength Index) indicator shows that the market is oversold.

The downward trend began on February 2, 2023, after an inverted hammer formed at the $22.00 resistance level. Following the descent in fractals, AVAXUSD crashed into the $10.60 demand zone. Due to the buying pressure in the demand zone, a bullish expansion is probable.

AVAX/USD Key Levels

Resistance Levels: $16.00, $22.00, $30.90
Support Levels: $10.60, $6.00, $0.60

Total Market Capitalization: $1.01T
Avalanche Market Capitalization: $3.29B
Avalanche Volume: $0.10B
Market Rank: #21

How To Buy Lucky Block

NoteLearn2.trade is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News