AVAX has been consolidating in an ascending triangle for the last 3 months. Since the 21st of May, the price has decreased gradually.
Metrics indicate increased volatility.has been consolidating in an ascending triangle for the last three months. Since the 21st of May, the price has decreased gradually before retesting the $30 support level.
With AVAX trading below these resistance levels, the indicator suggests prevailing bearish sentiments. The stochastic RSI at 25.36 indicates an oversold zone vulnerable to price reversals.AMBcrypto analysed on-chain data from Santiment for additional AVAX insights. Social volume metrics showed a shifting interest rate. After a significant peak on 21st March, there has been a decline in social mentions.Source: Santiment
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