Avalanche nears key breakdown level that could sink AVAX price by another 65%

Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a "bear pennant" structure.Avalanche could get buried technicals Bear pennants are bearish continuation patterns, i.e., they resolve after the price breaks out of them to the downside and then—as a rule of technical analysis—falls by as much as the height of the previous downtrend, also called "flagpole."AVAX is nearing a technical breakdown as its price moves toward the pennant's apex, i.e., the point where its upper and lower trendlines converge.

Avalanche (AVAX) Shows Optimism But Is This A Price Reversal?

Avalanche (AVAX) has displayed recovery on its chart.

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

Avalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario.

Avalanche (AVAX) Co-Founder Predicts Bitcoin (BTC) Loses Its Supremacy – Here’s When

Avalanche (AVAX) co-founder and CEO Kevin Sekniqi says he has a hard time imagining that Bitcoin (BTC) will be able to maintain its number one spot in the crypto markets.

Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times.

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals.

Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead?

Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high. Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support.

Top Analyst Maps Out What’s Ahead for Ethereum, Avalanche and Polkadot Amid Crypto Market Correction

A popular crypto analyst is giving forecasts for Ethereum (ETH), Avalanche (AVAX) and Polkadot (DOT) as the correction in the digital assets market continues.

Ethereum, Cardano, Avalanche and One Additional ETH Rival Are the Top Altcoins for This Cycle, Says Analyst Benjamin Cowen

A closely followed crypto analyst says that leading layer-1 protocols including Ethereum (ETH), Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT) are the standouts for this market cycle.  During a discussion on the InvestAnswers YouTube channel, Benjamin Cowen says that Ethereum is definitely his number one choice among layer-1 projects.  “I think Ethereum is by far […] The post Ethereum, Cardano, Avalanche and One Additional ETH Rival Are the Top Altcoins for This Cycle, Says Analyst Benjamin Cowen appeared first on The Daily Hodl.

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals.

Institutional investment flows out of ETH and into competing L1 altcoins

Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million. Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row.Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last week (ending April 22) loaded up on $3.5 million worth of Avalanche (AVAX), Solana (SOL), Terra (LUNA) and Algorand (ALGO) funds whilst capital outflows from Ether products totaled $16.9 million.It marks the third straight week that Ethereum products have seen outflows, bringing the total over that time to $59.3 million, equal to around 35% of the year-to-date outflows of $169 million from the second-largest blockchain.Notably, investors also favored digital gold last week despite some recent hesitancy, with Bitcoin (BTC) products fetching $2.6 million worth of inflows.Over the past 10 weeks, inflows to Ethereum products have reached only $68.5 million in what could signal a bearish trend by institutions towards the major blockchain.Weekly flows showing $16.9m outflows from Ethereum.

Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL) and Two More Altcoins: CoinShares

A leading crypto asset manager says that institutional investment products stemmed outflows last week thanks to continued investment in altcoin-focused products.

Crypto Analyst Unveils Massive Target for Ethereum Rival Solana, Predicts Rallies for Avalanche and Terra

A popular crypto strategist and is unveiling his huge long-term price target for Ethereum (ETH) competitor Solana (SOL) while predicting surges for Avalanche (AVAX) and Terra (LUNA).

Crypto Analyst Predicts Steep Correction for Ethereum Rival Terra, Updates Forecasts for ETH and Avalanche

A closely followed crypto strategist and trader is predicting a sharp correction for Ethereum competitor Terra (LUNA) while updating his outlook on ETH and smart contract platform Avalanche (AVAX).

Avalanche (AVAX) Could Surpass Ethereum (ETH) Next Quarter in Terms of This Metric: Analytics Firm Messari

A leading crypto research firm says Avalanche (AVAX) is nipping at the heels of Ethereum (ETH) in terms of daily transaction count.

Luna Foundation Buys 2,508 Bitcoin for $100 Million, Stash Is Only 495 BTC Away From Tesla’s Balance

On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement.

Terra’s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis

Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon.

Avalanche [AVAX]: Traders, be on the lookout for this opportunity

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Over the last five months, Avalanche (AVAX) has rejected higheThe post Avalanche [AVAX]: Traders, be on the lookout for this opportunity appeared first on AMBCrypto.

Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement.

Terra (LUNA) Acquiring $100,000,000 of Top Ethereum Competitor After Selecting Bitcoin As Primary Reserve Asset

Public blockchain Terra (LUNA) is buying $100 million worth of Avalanche (AVAX) tokens to boost its Terra USD (UST) stablecoin reserves.

Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve

Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens.

FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX)

Crypto exchange FTX.US president Brett Harrison is predicting that many of today’s blockchains will be discarded by the market in the future.

Big Breakouts in Store for Ethereum Challengers Avalanche (AVAX) and Near (NEAR), According to Crypto Analyst

A closely tracked crypto strategist is predicting price surges for Ethereum (ETH) rivals Avalanche (AVAX) and Near (NEAR) as the markets continue to build strength.

Avalanche [AVAX]: Mapping out the odds of a continued uptrend

After observing a swift up-channel (yellow) rally for over three months, Avalanche (AVAX) struck its ATH on 21 November.

British Crypto Investment Firm Launches Avalanche, Cosmos, Polygon ETPs

Crypto ETP issuer, ETC Group has launched three crypto exchange-traded products that track the price of Avalanche (AVAX), Cosmos (ATOM), and Polygon (MATIC).

Canadian Musician Grimes Reveals ‘Intergalactic Children’s Metaverse Book’ at Avalanche Summit

At the Avalanche Summit in Barcelona, the Canadian musician and record producer Grimes announced she plans to launch an “intergalactic children’s metaverse book.” Grimes’ children’s metaverse book project is part of a $100 million initiative started by the Avalanche Foundation and the non-fungible token (NFT) launchpad OP3N. Grimes Partners With OP3N to Launch ‘a Series […]

Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote

On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours.

Assessing AVAX's odds of another bull run before a trend reversal

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since striking its ATH on 21 November, Avalanche (AVAX) was onThe post Assessing AVAX's odds of another bull run before a trend reversal appeared first on AMBCrypto.

Coinbase Cloud launches Avalanche developer tools suite

The Avalanche ecosystem stands to gain from three tremendous developments announced this week with Coinbase Cloud’s integration, BTC support, and UST trading. Web3 developer hub Coinbase Cloud has added a suite of tools to support development on the Avalanche blockchain and smart contract platform.As part of the new support features, Coinbase Cloud is running an Avalanche (AVAX) public validator node.

Ethereum (ETH), Avalanche (AVAX) and Three Other Altcoins Showing Strength in Sideways Market: Crypto Analyst

A closely tracked crypto strategist says smart contract platforms Ethereum (ETH) and Avalanche (AVAX) and three other crypto assets are flashing signs of strength in a market that’s trading in a narrow range.