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AVALANCHE PRICE ANALYSIS & PREDICTION (April 4) – Avax Advance Selling After Rejecting $20, Eyes Recent Low

As Bitcoin took a downturn last week, several altcoins followed suit, with Avax posting a major loss in the past few days. This ushered the bears back into the market as they aim to reclaim the monthly low. Last month saw the bulls through a relief following a notable recovery from $15. However, things are heating up from the bears' side as the market failed to push above the $20 level yesterday. Following this sudden drop, Avax is now trading at $18 with no sign of slowing down. A bearish weekly close could fuel a bigger drawdown in the coming week. A crack below March’s low could fuel a serious dip to a new yearly low before rebounding. If the mentioned monthly low bolsters well, we may see a fresh bullish move with a double-bottom formation. That could lead to […]

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