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

Current consolidation will not prevent XRP from growing

2025-05-17

Bitcoin all surpassed in 2025, says the official report of the Russian Central Bank

2025-05-17

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

2025-05-17
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

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-16

    DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

    2025-05-16

    Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

    2025-05-16
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16

    American chairman Jerome Powell warns of future inflation, says that the economy could introduce a period of more frequent supply shocks

    2025-05-16

    Chainlink praises the guidelines of SEC and sets the stage for crypto integration in institutional finances

    2025-05-16

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15
  • Analysis

    Current consolidation will not prevent XRP from growing

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17

    Crypto heats up, $ 35 billion comes into the market in less than a month

    2025-05-17

    Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

    2025-05-16

    Bitcoin -price looks up – does the next leg be higher?

    2025-05-16
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»AVAX is approaching $11, but should traders bet on a bearish reversal?
Altcoins

AVAX is approaching $11, but should traders bet on a bearish reversal?

2023-10-26No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

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

  • Avalanche indicators point to further gains for the token
  • The liquidation levels and range formation meant that late bulls could be caught offside for the foreseeable future

Avalanche [AVAX] saw a strong bullish run over the past six days. The token recorded a gain of almost 25% as it rose from $8.65 to $10.8. During this time, Bitcoin [BTC] also rose by almost 24%.


Is your portfolio green? Check out the Avalanche Profit Calculator


A technical analysis report from AMBCrypto last week highlighted that the $9.2 level saw a significant portion of liquidations, based on Hyblock data. The $8.8-$9 zone was also highlighted as a region where a bullish reversal towards $10 could begin. This analysis has now been confirmed.

Should AVAX traders wait for a bullish breakout past the two-month high?

Avalanche is approaching a key resistance level, but should traders bet on a bearish reversal?

Source: AVAX/USDT on TradingView

On August 29, AVAX saw a short-term rise to the $11.21 level before a downtrend occurred in September. The price action of the second half of August reflected the importance of the $11-$11.2 region for the bears.

This level has been tested three times in the past two months, including at the end of August. The bears have won each time, although the one in early October was an explosive move to $11.88, which quickly fell back.

The market structure on the four-hour chart was bullish and so was the Relative Strength Index (RSI). On-Balance Volume (OBV) reached a higher level last week to reflect buying volume. However, a breakout and retest of the $11.2 resistance zone would be necessary for the next leg to move higher.

See also  Uniswap Rejects at $6.6 - Should Traders Brace for a Deep Pullback?

Therefore, traders might consider shorting AVAX near the $10.8 region, with an invalidation just above $11.2.

Has bullish sentiment changed in the last 36 hours?

Avalanche is approaching a key resistance level, but should traders bet on a bearish reversal?

Source: Coinalyse

On October 24, AVAX reached $10.8 and then witnessed a small decline to $10.18. This was also accompanied by a decline on the Open Interest (OI) chart. The falling prices and OI indicated bearish sentiment in the market in the short term, a feature that continued at the time of writing.

Avalanche is approaching a key resistance level, but should traders bet on a bearish reversal?

Source: Hyblok

Hyblock data showed that $3.2 million in short liquidations could be triggered on a move to the $10.67 level. Another $1.5 million would be found at the $10.76 level. These findings help justify the idea of ​​shorting a token on a solid uptrend.


Realistic or not, here is AVAX’s market cap in BTC terms


These short liquidations could cause some near-term volatility and a possible longer move towards $11 before a bearish reversal. If such a scenario were to occur, short sellers could make a profit.

Source link

Approaching AVAX Bearish Bet Reversal traders
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP is confronted with pressure in the midst of Bitcoin -Liquidity Crunch – will $ 3 be within reach?

2025-05-17

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17

Avalanche [AVAX] Use jumps 221% – 3 factors will decide whether $ 25 applies

2025-05-16

Crypto Bulls has just received their macro-wake-up call: here is why

2025-05-16
Add A Comment

Comments are closed.

Top Posts

Bitcoin: Will the Muted Price Action Extend?

2023-10-15

XRP Price Crashes 15% and Falls Below $0.40: Tough Recovery Ahead

2024-07-05

Is Bitcoin Ready for Another Breakout? The choppiness index suggests…

2025-01-22
Editors Picks

Whales accumulate 2B Tron – Can the TRX help to push $ 0.25?

2025-03-03

The actual value of Ethereum? Lower than you think

2025-04-12

US court rules that crypto influencer conducted unregistered offerings of crypto assets

2024-05-24

3 Altcoins that will perform the best in 2024

2024-01-03

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

Current consolidation will not prevent XRP from growing

Bitcoin all surpassed in 2025, says the official report of the Russian Central Bank

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

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)$103,016.94-0.80%
  • ethereumEthereum(ETH)$2,486.64-5.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.33%
  • binancecoinBNB(BNB)$642.25-2.15%
  • solanaSolana(SOL)$168.39-2.57%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216816-5.29%
  • cardanoCardano(ADA)$0.77-1.50%
  • tronTRON(TRX)$0.268568-1.95%
  • suiSui(SUI)$3.79-2.68%
  • chainlinkChainlink(LINK)$15.39-6.11%
  • avalanche-2Avalanche(AVAX)$22.84-4.04%
  • stellarStellar(XLM)$0.289207-3.01%
  • hyperliquidHyperliquid(HYPE)$26.870.27%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.930.76%
  • hedera-hashgraphHedera(HBAR)$0.191911-4.11%
  • bitcoin-cashBitcoin Cash(BCH)$397.34-0.35%
  • the-open-networkToncoin(TON)$3.07-2.15%
  • litecoinLitecoin(LTC)$99.90-0.36%
  • polkadotPolkadot(DOT)$4.70-4.46%
  • moneroMonero(XMR)$335.77-1.45%
  • bitget-tokenBitget Token(BGB)$4.96-1.12%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-7.49%
  • piPi(PI)$0.70-19.09%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$421.27-4.24%
  • uniswapUniswap(UNI)$5.90-7.24%
  • aaveAave(AAVE)$225.20-7.45%
  • nearNEAR Protocol(NEAR)$2.76-6.43%
  • aptosAptos(APT)$5.13-5.02%
  • okbOKB(OKB)$53.12-1.42%
  • kaspaKaspa(KAS)$0.114650-5.59%
  • ondo-financeOndo(ONDO)$0.92-7.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-5.09%
  • internet-computerInternet Computer(ICP)$5.22-5.20%
  • gatechain-tokenGateToken(GT)$21.43-1.18%
  • crypto-com-chainCronos(CRO)$0.098086-2.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.55-3.42%
  • mantleMantle(MNT)$0.73-2.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232720-4.05%
  • vechainVeChain(VET)$0.027979-6.06%
  • render-tokenRender(RENDER)$4.58-6.66%
  • ethenaEthena(ENA)$0.371450-2.26%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.218661-5.03%
  • filecoinFilecoin(FIL)$2.81-6.31%
  • cosmosCosmos(ATOM)$4.77-4.12%
  • bitcoinBitcoin(BTC)$103,016.94-0.80%
  • ethereumEthereum(ETH)$2,486.64-5.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.33%
  • binancecoinBNB(BNB)$642.25-2.15%
  • solanaSolana(SOL)$168.39-2.57%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216816-5.29%
  • cardanoCardano(ADA)$0.77-1.50%
  • tronTRON(TRX)$0.268568-1.95%
  • suiSui(SUI)$3.79-2.68%
  • chainlinkChainlink(LINK)$15.39-6.11%
  • avalanche-2Avalanche(AVAX)$22.84-4.04%
  • stellarStellar(XLM)$0.289207-3.01%
  • hyperliquidHyperliquid(HYPE)$26.870.27%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.930.76%
  • hedera-hashgraphHedera(HBAR)$0.191911-4.11%
  • bitcoin-cashBitcoin Cash(BCH)$397.34-0.35%
  • the-open-networkToncoin(TON)$3.07-2.15%
  • litecoinLitecoin(LTC)$99.90-0.36%
  • polkadotPolkadot(DOT)$4.70-4.46%
  • moneroMonero(XMR)$335.77-1.45%
  • bitget-tokenBitget Token(BGB)$4.96-1.12%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-7.49%
  • piPi(PI)$0.70-19.09%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$421.27-4.24%
  • uniswapUniswap(UNI)$5.90-7.24%
  • aaveAave(AAVE)$225.20-7.45%
  • nearNEAR Protocol(NEAR)$2.76-6.43%
  • aptosAptos(APT)$5.13-5.02%
  • okbOKB(OKB)$53.12-1.42%
  • kaspaKaspa(KAS)$0.114650-5.59%
  • ondo-financeOndo(ONDO)$0.92-7.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-5.09%
  • internet-computerInternet Computer(ICP)$5.22-5.20%
  • gatechain-tokenGateToken(GT)$21.43-1.18%
  • crypto-com-chainCronos(CRO)$0.098086-2.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.55-3.42%
  • mantleMantle(MNT)$0.73-2.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232720-4.05%
  • vechainVeChain(VET)$0.027979-6.06%
  • render-tokenRender(RENDER)$4.58-6.66%
  • ethenaEthena(ENA)$0.371450-2.26%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.218661-5.03%
  • filecoinFilecoin(FIL)$2.81-6.31%
  • cosmosCosmos(ATOM)$4.77-4.12%