AVALANCHE PRICE ANALYSIS & PREDICTION (March 6) – Avax Jumps 5% in The Latest Increase, But Bearish Trajectory Remains Intact
Today marks another impressive recovery in altcoins as Avax's volatility shrinks with choppy price actions. However, it has posted a minor gain but remains bearish as it slowly recovers. Avax's bearish momentum appeared to be reaching an exhaustion point on the daily chart as the volatility continues to drop with choppy price actions. It found a temporal support but is yet to show signs of bullish. These choppy price actions started after rejecting $21 last month. As we can see, the bears have struggled to sustain pressure ever since. Their weakness may bring an end to this selling phase if the buyers take advantage of it. Having provided a notable discount in the short-term scale, the bulls have shown interest in the past few hours, but their commitments are not strong enough to put them back on track. If the […]
