Crypto Tokens To Watch This Week: AVAX, UNI, ARB, and Other Altcoins
Upcoming Token Highlights: The DeFi Investor has identified several tokens to watch, including Avalanche (AVAX) due to the Avalanche Summit and its top game "Off The Grid," DEAI with the launch of the Cypher blockchain testnet, and Frax Share (FXS) with the upcoming frxETH V2 launch.
Market Developments: Uniswap (UNI) is set to reveal its roadmap, zkSync hints at major announcements for ZK tokens, and Arbitrum (ARB) faces a significant token unlock on October 16, which may influence market dynamics.
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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 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 stock.
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 | 4.368 | 5.959 | 7.718 | 9.309 | 11.068 | 12.659 | 14.418 |
| Fibonacci | 5.959 | 7.239 | 8.029 | 9.309 | 10.589 | 11.379 | 12.659 |
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