FIFA taps Avalanche to launch dedicated blockchain for NFT platform
FIFA's Blockchain Partnership: FIFA has chosen Avalanche to power its new blockchain network for NFTs and digital fan engagement, aiming to enhance experiences for its global fanbase of over five billion.
Migration and Future Plans: The FIFA Collect NFT marketplace will transition to the Avalanche platform, discontinuing support for Algorand-based wallets, while future business plans related to this initiative remain undisclosed.
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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 | 4.371 | 5.96 | 7.721 | 9.31 | 11.071 | 12.66 | 14.421 |
| Fibonacci | 5.96 | 7.24 | 8.031 | 9.31 | 10.59 | 11.381 | 12.66 |
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