Avalanche has pushed the limits of the investors with its continuous price decline, yielding no returns for long-term holders. With negative sentiments surrounding its blockchain, AVAX price has also faced a major blow as investors have shifted their focus to short-term gains, leading the token to a potential price slump.

Leading market experts and Avalanche holders are voicing their discontent with AVAX price trajectory and other projects built on Avalanche blockchain. AVAX price has followed a disappointing trajectory for over a month and other crypto projects like GMX and JOE have been witnessing massive price declines. 

just gonna dump the rest of them and sell this avax bag at the market top and never visit this chain again

— notsofast (@notsofast) May 12, 2024

This has led to significant volatility for the Avalanche where bulls are trying to defend crucial support levels, however, the overall sentiment is bearish for AVAX. Many investors have dumped their AVAX holdings to mitigate potential losses from the current high volatility of the Avalanche ecosystem.  

Avalanche price is down by 11% on the monthly chart, trading at $32.1 at press time. This price point has blown a wave of fear among analysts as the price lies just above the critical support level of $30.74. Moreover, AVAX investors focus on short-term gains as holding periods have significantly dropped according to on-chain analysis. 

Analysts suggest that if AVAX price consolidates and buyers fail to defend the $30.7 support level, the token can the path to trade below $20 again. Next support levels are found between the $25 – 27 range which can be marked as a make-or-break situation in case of the price drop. 

DTX Exchange (DTX) is a top choice for traders due to its unique offerings and automated trading strategies. The platform features 1000x leverage and distributive liquidity pools, empowering traders to grab higher positions in diverse financial markets including equities, cryptos, forex, and contract-for-differences (CFDs).  

The hybrid exchange presale has defied the market expectations by becoming a top performer among 2024 ICO projects. Bolstered by its lightning-fast transaction and cutting-edge use case, investors have invested a ground-breaking $538,000 in round 2 of the public presale. 

The platform is expected to lead the trading sector with robust security protocols for users to maintain and optimize their assets. Through DTX non-custodial wallets and multi-tier accounts, users can enjoy KYC-free onboarding and an easy-to-access trading interface. DTX Exchanges upholds its commitment to individual ownership and free trading. 

Traders can trade 120k digital assets, leveraging a significant opportunity to capitalize tenfold. DTX Exchange provides a lucrative opportunity for early adopters to take positions in the project for unparalleled success and profit yield as the DTX token is perfectly positioned to skyrocket to $1 from its current low entry point of $0.04. 

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community 

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

62 +