Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Chainlink and Avalanche: Key Levels to Watch Now – Breakout Opportunity or Breakdown Risk for LINK & AVAX?

Chainlink and Avalanche are at crucial points that could signal major price movements. The upcoming days hold potential changes that might either present profitable opportunities or suggest growing concerns. This article delves into which levels traders should keep an eye on to understand where LINK and AVAX might be headed next. Explore the detailed analysis to identify potential breakout or breakdown signs. Chainlink: Recent Price Swings and Key Levels to Monitor Chainlink plunged nearly 28% in the last month before bouncing back with an 18.9% gain over the past six months. Price movements ranged consistently between roughly $10 and $23, showing volatility that reflects shifting market moods. The drop followed an earlier period of strength, with clear evidence of rebalancing in recent trading sessions. Current price action places Chainlink between $10.20 and $22.70, facing resistance at about $30.59 and support near $5.58. Bearish momentum, highlighted by a negative Awesome Oscillator and low RSI, indicates subdued buying pressure. This suggests the market may trade sideways. Traders should watch these key levels for potential entry points if a reversal or upward movement toward resistance occurs. Avalanche Price Snapshot Amid Volatility Avalanche experienced a steady decline over the last month and six months with a 26.21% drop in one month and a 26.24% loss over six months, including a 10.88% dip in the past week. The coin’s price moved within a range of $16.74 to $31.56 during this time, highlighting a persistent bearish trend across these periods. Current prices sit between $16.74 and $31.56 with a key support level at $11.10 and a resistance barrier at $40.73, along with a secondary resistance at $55.54. Bears show strength with low momentum indicators and an RSI near 40. Traders can explore moves within these ranges for potential upward reversals or breakouts. Conclusion LINK and AVAX are at crucial points. Support levels will show if they can hold strong. Resistance levels will signal potential upward movement. Watching these key levels can help in understanding their future trends. The direction these coins take next will be telling. Staying informed on these movements is essential. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. CoinOtag

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Rising stablecoin supply signals crypto’s bull run isn’t over yet

The growing stablecoin supply suggests increased market liquidity and potential for continued crypto market expansion and trading activity. The post Rising stablecoin supply signals crypto’s bull run isn’t over yet appeared first on Crypto Briefing . CoinOtag