ThorChain (RUNE) and Avalanche (AVAX) Technical Analysis: What’s Next?

Table of Contents

ThorChain (RUNE) and Avalanche (AVAX) price movements in the daily chart point to reignited bulls. AVAX/USDT may thaw back to $40, while RUNE/USDT is open to $17.

Avalanche (AVAX)

The Avalanche platform is more of an umbrella offering several DeFi-related services ranging from trading, issuing of financial assets, and more. Its native currency AVAX is the subject of this technical analysis.

Past Performance of AVAX

The AVAX/USD is oscillating within a $4 zone with support and resistance at $26 and $30, respectively.

Technically, bulls are in control with decent trading volumes, which rose 51 percent to $132 million on the last trading day.

Day-Ahead and What to Expect

From candlestick arrangement and AVAX/USDT technical analysis on the daily chart, buyers are in control.

AVAX is changing hands at $30, adding roughly eight percent across the board. It is up double digits versus BTC and USD on the last trading week. AVAX remains in an uptrend, rebounding after a three-bar bullish reversal pattern of Apr 24 to 26.

AVAX/USDT Technical Analysis

RUNE/USDT Price Forecast

Tags

Share this post:

Share on facebook
Share on twitter
Share on pinterest

Post comment

Your email address will not be published. Required fields are marked *