Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Will Deg Price reach $ 1?

2025-05-13

XRP -price recovers profit, but retains its bullish structure

2025-05-13

Tron and Ethereum fight for the USDT top position

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10

    Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»AVAX: Bulls and bears tussle for $13
Altcoins

AVAX: Bulls and bears tussle for $13

2023-07-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

  • AVAX’s pullback has hit a key confluence of 50% Fib and demand zone.
  • Open Interest and liquidation were skewed against the bulls. 

Avalanche’s [AVAX] press time price level of $13 presented a great buying opportunity but with a caveat. The weak Bitcoin [BTC] price action could spoil the party for long positions. Notably, the pullback since mid-July has exposed the altcoin to >18% loss after dropping from $15.97 to around $13 as of press time. 


Is your portfolio green? Check out the AVAX Profit Calculator


Put differently, short-sellers enjoyed over 15% profit during AVAX’s pullback. As expected, the retracement eased at the crucial confluence area, which could offer bulls re-entry options only if BTC clears its immediate resistance. 

Who will budge in the confluence area?

Source: AVAX/USDT on TradingView

Price chart indicators emphasized weak buying pressure and demand for AVAX which could undermine bulls. For example, the RSI (Relative Strength Index) retreated from the overbought zone and was below a neutral level of 50. 

Similarly, the CMF (Chaikin Money Flow), which tracks capital inflows and outflows of AVAX, faced rejection at the zero mark and was yet to cross above it decisively. Taken together, the indicators show muted demand over the past few days. 

Nevertheless, price action has hit a crucial confluence area of 50% Fib level and a bullish order block of $12.85 – $13.38 (cyan). So, the area is an excellent level for going long, with immediate targets at $14 (March lows) and $15 (June high). But the bulls must watch out for a weakening BTC. 

See also  Ethereum Price Reaches Key Crossroads – Can Bulls Pump ETH to $2,500?

A liquidity grab beyond the confluence area towards $12 couldn’t be overruled. But a candlestick session close below the confluence area will complicate matters for bulls. 

Open Interest rates declined

Source: Coinglass

The status of AVAX’s futures market further urged caution to bulls aiming at the confluence area. For example, the Open Interest (OI) rates, which track open contracts and overall sentiment, have declined since mid-July. It emphasizes a drop in demand and overall bearish sentiment in the futures market. 


How much are 1,10,100 AVAXs worth today? 


The bearish sentiment was further confirmed by liquidation data, which indicated more long positions were discouraged in the past 24 hours. 

So, AVAX bulls could only have an edge at the confluence area if BTC crosses the $29.5k resistance and advances further. 

Source link

AVAX Bears Bulls tussle
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Deg Price reach $ 1?

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Cardano: As whaling rises, does Ada see a potential increase?

2025-05-13
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Atok and Bitget Wallet Collab to improve the user’s crypto experience

2025-03-10

Binance (BNB) COIN Price forecast: 2025, 2026

2025-04-26

Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA

2023-07-25
Editors Picks

Regulatory victory for Paxos as Singapore approves US dollar stablecoin plan

2023-11-16

Bitcoin’s CPI turns positive after 10 days – What does this mean for prices?

2024-06-07

XRP Price Face Major Resistance at $ 2.9, why this analyst believes that $ 20 is still possible

2025-03-11

Top Robinhood Executive May Replace Gary Gensler as SEC Head in Trump Presidency: Report

2024-10-08

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Will Deg Price reach $ 1?

XRP -price recovers profit, but retains its bullish structure

Tron and Ethereum fight for the USDT top position

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,586.221.01%
  • ethereumEthereum(ETH)$2,563.922.95%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.53-1.67%
  • binancecoinBNB(BNB)$654.48-1.36%
  • solanaSolana(SOL)$175.030.10%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.231791-0.15%
  • cardanoCardano(ADA)$0.80-1.77%
  • tronTRON(TRX)$0.268013-2.45%
  • suiSui(SUI)$4.001.98%
  • chainlinkChainlink(LINK)$16.83-0.06%
  • avalanche-2Avalanche(AVAX)$24.830.46%
  • stellarStellar(XLM)$0.306829-4.93%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.73%
  • hedera-hashgraphHedera(HBAR)$0.210010-3.39%
  • hyperliquidHyperliquid(HYPE)$25.312.73%
  • the-open-networkToncoin(TON)$3.29-3.99%
  • piPi(PI)$1.1311.40%
  • bitcoin-cashBitcoin Cash(BCH)$403.75-1.15%
  • unus-sed-leoUNUS SED LEO(LEO)$8.621.54%
  • polkadotPolkadot(DOT)$5.03-1.67%
  • litecoinLitecoin(LTC)$100.940.47%
  • moneroMonero(XMR)$336.020.02%
  • pepePepe(PEPE)$0.0000142.74%
  • bitget-tokenBitget Token(BGB)$4.750.80%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.84-1.09%
  • bittensorBittensor(TAO)$457.922.01%
  • nearNEAR Protocol(NEAR)$3.13-0.16%
  • aptosAptos(APT)$5.82-1.22%
  • aaveAave(AAVE)$226.113.28%
  • okbOKB(OKB)$53.91-2.10%
  • kaspaKaspa(KAS)$0.1224332.84%
  • ondo-financeOndo(ONDO)$1.01-1.51%
  • ethereum-classicEthereum Classic(ETC)$19.920.59%
  • internet-computerInternet Computer(ICP)$5.65-3.07%
  • mantleMantle(MNT)$0.800.22%
  • crypto-com-chainCronos(CRO)$0.1011231.68%
  • render-tokenRender(RENDER)$5.17-0.90%
  • gatechain-tokenGateToken(GT)$21.68-0.68%
  • vechainVeChain(VET)$0.030516-2.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250480-3.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.84-1.78%
  • ethenaEthena(ENA)$0.391961-1.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.28%
  • arbitrumArbitrum(ARB)$0.430923-1.90%
  • filecoinFilecoin(FIL)$3.08-1.94%
  • algorandAlgorand(ALGO)$0.237310-3.49%
  • bitcoinBitcoin(BTC)$103,586.221.01%
  • ethereumEthereum(ETH)$2,563.922.95%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.53-1.67%
  • binancecoinBNB(BNB)$654.48-1.36%
  • solanaSolana(SOL)$175.030.10%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.231791-0.15%
  • cardanoCardano(ADA)$0.80-1.77%
  • tronTRON(TRX)$0.268013-2.45%
  • suiSui(SUI)$4.001.98%
  • chainlinkChainlink(LINK)$16.83-0.06%
  • avalanche-2Avalanche(AVAX)$24.830.46%
  • stellarStellar(XLM)$0.306829-4.93%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.73%
  • hedera-hashgraphHedera(HBAR)$0.210010-3.39%
  • hyperliquidHyperliquid(HYPE)$25.312.73%
  • the-open-networkToncoin(TON)$3.29-3.99%
  • piPi(PI)$1.1311.40%
  • bitcoin-cashBitcoin Cash(BCH)$403.75-1.15%
  • unus-sed-leoUNUS SED LEO(LEO)$8.621.54%
  • polkadotPolkadot(DOT)$5.03-1.67%
  • litecoinLitecoin(LTC)$100.940.47%
  • moneroMonero(XMR)$336.020.02%
  • pepePepe(PEPE)$0.0000142.74%
  • bitget-tokenBitget Token(BGB)$4.750.80%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.84-1.09%
  • bittensorBittensor(TAO)$457.922.01%
  • nearNEAR Protocol(NEAR)$3.13-0.16%
  • aptosAptos(APT)$5.82-1.22%
  • aaveAave(AAVE)$226.113.28%
  • okbOKB(OKB)$53.91-2.10%
  • kaspaKaspa(KAS)$0.1224332.84%
  • ondo-financeOndo(ONDO)$1.01-1.51%
  • ethereum-classicEthereum Classic(ETC)$19.920.59%
  • internet-computerInternet Computer(ICP)$5.65-3.07%
  • mantleMantle(MNT)$0.800.22%
  • crypto-com-chainCronos(CRO)$0.1011231.68%
  • render-tokenRender(RENDER)$5.17-0.90%
  • gatechain-tokenGateToken(GT)$21.68-0.68%
  • vechainVeChain(VET)$0.030516-2.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250480-3.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.84-1.78%
  • ethenaEthena(ENA)$0.391961-1.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.28%
  • arbitrumArbitrum(ARB)$0.430923-1.90%
  • filecoinFilecoin(FIL)$3.08-1.94%
  • algorandAlgorand(ALGO)$0.237310-3.49%