Crypto Market Update: BlockDAG Emerges Strong
- Hyperliquid Price Surge: Hyperliquid's price jumped over 20% in the past 24 hours to $61.35, primarily driven by institutional ETF inflows from Bitwise and 21Shares, indicating strong market interest that could lay the groundwork for future price increases.
- Avalanche Testing Key Support: Avalanche crypto is testing the critical support zone of $9.45 to $9.50; despite a weak short-term trend, a sustained break above $9.50 could improve market structure, while rejection may lead to a drop back to $9.33 to $9.37, highlighting market uncertainty.
- BlockDAG User Growth: The BlockDAG project has become the second most viewed coin on CoinMarketCap, listed on 13 exchanges with over 4 million users, and the upcoming Super App launch on June 15 is expected to enhance user experience and market engagement, boosting its long-term growth potential.
- Massive ROI Potential: Currently priced at $0.00000019, BlockDAG is set to increase in value to $0.001 through the buyback and burn event on June 1, offering a potential 400x return on investment, attracting investors to seize the opportunity before the presale closes.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX). As of , Avalanche (AVAX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AVAX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AVAX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 7.682 | 8.169 | 8.628 | 9.115 | 9.574 | 10.061 | 10.52 |
| Fibonacci | 8.169 | 8.53 | 8.754 | 9.115 | 9.476 | 9.7 | 10.061 |
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