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AVAX is preparing a huge raise to $30

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Avalanche price It had a rough streak through the month of November as a dark cloud enveloped the crypto industry. howeverAnd the It seems that the general crypto market is having positive vibes today. Bitcoin and Ethereum are positive after the CPI data released by the US Bureau of Labor Statistics.

As with every other blockchain, Avalanche has been under severe pressure over the past few months, for example, the total value of the AVAX ecosystem in lock (TVL) fell by 27% in November to $1.9 billion. The highest TVL scored by Avalanche Network was over $10 billion.

Avalanche is down over 82.6% year-to-date, giving it a market capitalization of more than $4.27 billion. afax It was trading at $13.74 on Wednesday, December 14th, just above the November low of $11.40. Today, however, AVAX price is showing a bullish bias at $13.7 after rising 6.5% in the past 24 hours, based on data from CoinGecko, with a 24-hour trading volume of $311.88 million.

Avalanche Records Growing Adoption

Over the past several months, Avalanche adoption has increased exponentially with developers actively adopting its user-friendly platform. Accordingly, the ecosystem has recorded increasing market share in several spaces, including DeFi, gaming, and non-fungible tokens (NFT). Among the top apps in its ecosystem are Wonderland, Aave, Benqi, and Trader Joe’s.

Avalanche works to allow security and maintenance of blockchain nodes. As part of this endeavor, the ecosystem will act as an auditor on Alibaba Cloud, a move that will see it provide Node-as-a-Service to the company.

The idea of ​​Avalanche collaborating with a major e-commerce player like Alibaba is a welcome note for investors, with the potential sign that the blockchain company’s efforts are paying off and that could carry over into its AVAX token.

Besides verification plans, Avalanche is also leading a blockchain project dubbed Avalanche Rush, which is popular for its speed and low transaction costs. Reportedly, Avalanche Rush is the largest DeFi incentive platform in the industry.

Avalanche also revealed an important application within its suite of products codenamed Core, which is already fully optimized for Avalanche, Bitcoin and Ethereum networks. Core is an easy-to-use app with the ability to simplify how people exchange, send, receive, and integrate other apps into their ecosystem.

Therefore, a potential catalyst for price avalanche is increased adoption. In late November, Zeeve began supporting Avalanche Subnets. It is also seeing adoption in the NFT industry despite the widespread vulnerability of the ecosystem. The increased adoption is also attributed to recent developments in the network.

Avalanche price traded inside a large demand area

AVAX price fell from highs above $20 to make a significant drop at $11 between November 5 and 22, losing more than 42% of its value. This crash was caused by the internal implosion of FTX, adding to the pain for the already ailing crypto market, making it even more difficult for assets to recover.

Since then, the first layer token has consolidated in a narrow range between the $11.4 support floor and the $14.5 barrier, which is currently being held by the 50-day simple moving average (SMA). The moving averages have been flattening and the sideways movement of the Relative Strength Index (RSI) is indicating less volatility in AVAX prices.

In addition, the horizontal movement of the MACD near the neutral line indicates that the upward and downward pressures are balancing. The appearance of a doji candle at the end of the chart reinforced the ongoing battle between buyers and sellers.

What this means is that the avalanche price has not yet shown any directional movement in the recent past. As such, the next step would be either way.

AVAX/USD daily chart

Chart view: AVAX/USD

On the upside, AVAX is trading with an upward slope at $13.7 after rising 6.5% in the past 24 hours, according to data from CoinMarketCap. The MACD is moving up and the RSI has crossed the middle line to place at 51 in the positive territory. This indicates that the bulls have begun to return to the scene.

Also note that the price of the Avalanche is trading within a large demand area that extends from $6.96 to $16. This buyers’ congestion is important for AVAX as it provides a launching pad that saw its price skyrocket by more than 800% to an all-time high above $151 on November 22 of last year.

The current consolidation phase is similar to that shown by AVAX between June and August 2021, before rising to record highs. As such, this demand area could provide the required tailwind to lift the avalanche from consolidation to a rally above the 50-day SMA to face resistance from the upper border of the support area at $16, coinciding with the 100 SMA.

Breaking this barrier will lead AVAX price first towards the psychological level of $20, which is up 44% from the current price. On extreme upsides, the price avalanche could advance to the psychological $30 level, bringing the total gain to 117%. However, before reaching this level, AVAX bulls have to overcome resistance from the 200-day simple moving average at 18.

On the downside, the avalanche price faced stiff resistance to the upside defined by the areas where the moving averages are located. In addition, the MACD was still moving within negative territory, indicating that market sentiment is still slightly bearish.

Therefore, increasing overhead pressure could lead to an avalanche lower from current levels to set the $11.4 swing low or decline towards the lower bound of the order area around $6. Such a move would represent a 48% drop from the current price.

In an industry full of uncertainty, these projects offer a solution

The market crash in the cryptocurrency sector following the nefarious activities of Terra Labs and FTX has prompted investors to become more cautious. Experts and experts alike, investors of all skill levels seek a project with strong fundamentals.

Dash 2 Trade (D2T)

Dash 2 Trading The prequel took off in style, raising over $400,000 in investment within the first 24 hours. The first three phases sold out with equal speed as early investors watched their assets increase in value. The third phase saw 99.79% of the tokens sold. With the current buying momentum, Dash 2 Trading It is likely to cross $10 million in the next few days and is now at $9.68 million.

The project is already trending as the best cryptocurrency to buy today even after the release of CPI data.

Initially, the project was supposed to go through nine stages of pre-sale. However, due to the impressive performance, the founders of the project reconsidered, and scaled back presales in the wake of the FTX crash. Accordingly, the protocol is now early in its development, which uniquely positions it to help traders and investors maximize their profit potential and avoid fraudulent projects.

Dash 2 Trade has now entered its fourth stage, which is also the last stage of the pre-sale. The value of its parent token, D2T, has risen 12% since its launch, with only 80 million left to sell. Hence, investors are flocking to the platform as the pre-D2T draws to a close.

The project Now on last course and due to start soon. This is the right time to buy D2T, the price will rise to $0.0533, so there is no time to waste. A pre-sale dashboard will also be launched soon since product development is ahead of schedule. Don’t miss out for any reason.

Calvaria (RIA)

Calvaria The Duels of Eternity battle card game is one of Web3 gaming’s best products, providing a complete staking platform for its $RIA and $eRIA tokens that will create a vast economy out of the game’s ecosystem. This not only attracts players, but also people who want to invest in trading and collecting.

Not only is it the most exciting and addictive game of the bunch, but it also attracts new players in a very innovative way which is likely to result in huge returns for players and investors alike. Now is the best time to invest in Calvaria, as it is currently in the pre-sale stage. However, act quickly before the solid price rises further.

Calvaria pre-sale stages change incredibly quickly, and there are fewer and fewer RIA codes dedicated to this stage, so it would be wise to hurry up and buy. Incredibly, RIA was able to win $2.43 million from investors, as the project’s creators indicated that they would reduce the presale from ten stages to five to improve returns for investors and begin developing the game.

The project is now in the fifth and final stage of pre-sale with only 28% of the tokens left. With the RIA pre-show ending, go to calvaria.io to participate.

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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Blockchain

BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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Blockchain

DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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