Avalanche (AVAX): The bulls tried to push the price back above the uptrend line
14 Feb 2022
Avalanche (AVAX) plummeted below the moving averages and the uptrend line on Feb. 20, suggesting that the higher levels continue to attract selling by the bears. The bulls tried to push the price back above the uptrend line on Feb. 2 but the long wick on the candlestick suggests that bears are defending the breakdown level. If the price breaks and sustains below $74.70, the AVAX/USDT pair could further slip to $65.
The RSI has dipped into the negative zone and the 20-day EMA ($82) has started to turn down, indicating that bears have the upper hand. This negative view will invalidate if the price rebounds off the current level and breaks above the downtrend line. That could result in a rally to the psychological level at $100.
Related
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 96% | 2 | $26 928.47 | -0.71% | 1.47% | $525 089 762 777 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94% | 3 | $1 665.19 | 0.42% | 4.57% | $200 215 397 562 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999859 | -0.02% | -0.02% | $83 264 814 922 |  |
|
| 4 |  BNB |
Binance Coin predictions | 94.8% | 2 | $215.67 | 0.18% | 2.40% | $33 180 858 234 |  |
|
| 5 |  XRP |
XRP predictions | 92.8% | 8 | $0.532033 | 4.66% | 3.39% | $28 363 921 577 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000025 | -0.03% | 0% | $25 224 083 856 |  |
|
| 7 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 85.2% | 26 | $0.089033 | 3.90% | 6.31% | $9 052 505 410 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 90.4% | 6 | $0.061973 | 0.87% | 0.88% | $8 751 141 540 |  |
|
| 10 |  ADA |
Cardano predictions | 90% | 7 | $0.249024 | -0.02% | 2.13% | $8 747 839 413 |  |
|
| 11 |  SOL |
Solana predictions | 86.8% | 18 | $20.25 | 2.78% | 4.53% | $8 360 680 712 |  |
|
| 12 |  TRX |
TRON predictions | 85.6% | 22 | $0.089574 | 3.69% | 7.57% | $7 978 844 652 |  |
|
| 13 |  TON |
Toncoin predictions | 62.8% | 84 | $2.21 | -0.96% | -3.88% | $7 601 171 597 |  |
|
| 14 |  DAI |
Dai predictions | 94% | 1 | $0.999946 | -0.07% | 0.05% | $5 347 597 900 |  |
|
| 15 |  DOT |
Polkadot predictions | 93.2% | 7 | $4.08 | -0.14% | 1.68% | $5 010 206 612 |  |
