AVAX price could slide below $15 low; TAMA goes up

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Avalanche’s price forecast suggests that the downward trend may worsen, so AVAX may be headed lower.

Flood Forecast Statistics Information:

  • Avalanche price now – $17.99
  • Avalanche’s market value is $5.3 billion
  • Avalanche transfer offer – 295.7 million
  • The total supply of Avalanche – 404.2 million
  • Avalanche Coinmarketcap Rank – #16

AVAX / USD market

Key steps:

Resistance levels: $25, $27, $29

Support levels: $14, $12, $10

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When the coin moves below the 9-day and 21-day moving averages, AVAX/USD may not be able to follow the bullish movement. The price of Avalanche is currently trading at $17.99, which may face downside if it crosses below the lower boundary of the channel.

Avalanche heads south, while Tamadog waits to the east.

The price of the Avalanche is moving sideways, and any bearish movement below the moving average could increase the short-term selling pressure, with critical supports coming in at $14, $12 and $10. Meanwhile, any bullish move towards the upper border of the channel could hit the next resistance levels at $25, $27 and $29.

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However, when the relative strength index (14) moves below the 40-level, the technical indicator may start a new bearish session. However, it is not clear how long the session will last, because in the last few weeks, both periods of energy and depression are frequent. Therefore, it is important to look at the resistance and support levels along with the movement of other indicators in the daily chart.

On Bitcoin, the coin price is trading around 9143 SAT, the market price is below the 9-day and 21-day moving averages. Conversely, if the coin makes a cross above the moving averages, the bulls can push the price higher.

AVAXBTC – Daily Chart

Meanwhile, if the market falls below the lower boundary of the channel, the price may hit the next key support at 8000 SAT and below. On the bullish side, a possible rise could push the market to the upper border of the channel which could hit the resistance level of 1140 SAT and above. As indicated by the technical indicator, the relative strength index (14) may begin to follow a downward trend when the signal line moves to cross below the 35-level.

Tamadogge Group said the move aims to make investing in TAMA easier and safer. These users can be convinced to move fiat to crypto, so Tamadoge is important to secure this contract with Tranak. One of the strong pillars of projects in the Web 3.0 and crypto sector is having a strong team to make the project a success. TMA’s website lists Thomas Seabrook as Tamadoge’s lead developer and Carl Dawkins as development lead. Other members of the Tamadoge team include Neil Palethorpe and Sifamandla Majoli, who joined as Senior Interaction Designer and Senior Blockchain Developer.

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