Avalanche’s Q4 Challenge: AVAX Battles $24 Support Amid Market Uncertainty

Quick Summary:

Avalanche (AVAX), despite forming an ascending channel pattern on the daily timeframe, has consistently delivered negative returns to investors, raising questions about its potential for recovery in the current altcoin season.

A breach of this level, particularly amid bearish Q4 conditions, could trigger a more substantial decline towards $17.30.

However, market participants must remain cognizant of downside risks.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Avalanche AVAX Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 17:13:00 (3 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23306521

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 1 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 22 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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