Prices of Avalanche: Cryptocurrency enthusiasts are currently experiencing a period where prices are stabilizing after reaching new highs. Most cryptocurrencies have dropped in value during this time. Despite this downward trend, Chainlink (LINK) and Avalanche (AVAX) prices are starting to show signs of recovery. However, sellers are currently in control, but if buyers gain momentum, prices could rise again to face significant resistance.
Chainlink (LINK) Price Analysis
- The price of Chainlink is consolidating heavily above the recently developed resistance levels that have converted into support, indicating that the bulls’ power is increasing.
- As a result, the DMI predicts that the token will continue to consolidate between $19 and $23 for a few weeks, with a bearish crossover of the +Di & -Di potentially forcing the price to go sideways.
- As a result, the levels can continue their climbing consolidation before seeing a bullish breakout above $25.
- Furthermore, the decreasing volume can cause some anxiety, which could postpone the breakout, but it’s doubtful that the token would see a negative retreat.
Avalanche (AVAX) Price Analysis
The Avalanche price has been strong for a while and stayed around the same high levels.
Recently, it dropped a bit, but the buyers have kept it above a certain point, suggesting it might go up again soon.
The RSI is indicating a possible increase at normal levels, but the MACD is showing signs of a potential drop.
So, the AVAX price might go up or down equally, or it might not change much. Either way, it might stay stable with little movement and could change direction as selling decreases.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
