![Avalanche [AVAX]: Key metrics surge, but impending trend reversal foretells…](https://i.headtopics.com/images/2023/4/18/cryptoamb/avalanche-avax-key-metrics-surge-but-impending-tre-avalanche-avax-key-metrics-surge-but-impending-tre-1648379615470075904.webp)
Avalanche [AVAX]: Key metrics surge, but impending trend reversal foretells...
, AVAX was up over 3% in the last 24 hours alone, and at press time, it was trading at $21.30. However, the good days might end soon.AVAX’s Relative Strength Index was in an overbought position. This was concerning as it could increase selling pressure, in turn stopping AVAX’s bull rally. AVAX’s Money Flow Index also entered the overbought zone.
Additionally, the Chaikin Money Flow registered a decline, further increasing the chances of a trend reversal soon.Nonetheless, a few of the indicators remained in favor of the buyers. The Exponential Moving Average Ribbon revealed that the bulls were still leading the market as the 20-day EMA was above the 55-day EMA.’s Binance funding rate remained high, reflecting its demand in the derivatives market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AVAX reclaims Q1 2023 highs, hits key supply level- A cool-off likely?Avalanche [AVAX] recovered all the losses made in mid-March. But further long-term uptrend may only be likely if it overcomes a key stiff supply area of $21- $22.
Read more »
AVAX’s uninterrupted demand can stumble upon a few bears thanks to…The best performing crypto as of 17 April, AVAX witnessed significant demand and visibility in the crypto space. However, with the RSI in an overbought position, things could take a turn in favor of bears anytime soon.
Read more »
Search and rescue crews warn about current risks of avalanches
Read more »
Avalanche in Thunderwater Lake riding area claims life of snowmobilerINVERMERE, B.C. — Avalanche Canada says a snowmobiler died after being caught in an avalanche in a riding area northwest of Invermere, B.C.
Read more »
Snowmobiler killed in fatal avalanche north of Panorama, B.C. | Globalnews.caAvalanche Canada says a party of three were snowmobiling Saturday above Whirlpool Lake when two riders were caught in an avalanche that was reportedly triggered near a rocky feature on a slope.
Read more »
Colorado Avalanche vs. Seattle Kraken: 2023 Stanley Cup Playoff series preview and pickThe Avs are the defending champs. The Kraken have never been here before. Who has the upper hand in this...
Read more »