A new fiat-to-crypto ramp for MetaMask’s Portfolio dApp has just been launched, according to the company. To transfer and receive cryptocurrency, one can utilize MetaMask, which functions as a decentralized wallet. For the purpose of allowing ACH transactions, a “Buy Crypto” option was included in the development. Avalanche Contract Chain is one of the few tokens that are currently accepted for ACH transactions.
Users of MetaMask will now be able to access cryptocurrencies like AVAX using fiat money without having to leave their portfolios, thanks to this improvement. The process of purchasing more AVAX has been streamlined as a result of this new buying opportunity, which the MetaMask Twitter handle calls “simple and smooth.” AVAX will therefore experience an increase in demand, which will result in a rise in its price.
Key Avalanche Levels To Watch – April 11
Resistance Levels: $30.867700, $22.796300, $18.661110
Support Levels: $14.609400, $12.946240, $10.577300
Subsequent to the sudden and quick rally from the $10.577300 demand level to the $22.796300 supply level, a diagonal resistance emerged. Apparently, the diagonal has limited the bullish order flow of the price as AVAXUSD keeps forming lower highs.
According to the Moving Average, the price has been heading upward since the rejection at the $14.609400 demand level. However, this might be a retracement to the upside since the order flow of the market is still bearish. A bounce off the diagonal resistance is likely to cause the resumption of the downtrend.
Key AVAX Levels
Total Market Capitalization: $1.24T
Avalanche Market Capitalization: $5.99B
Avalanche Volume: $0.19B
Market Rank: #16
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