AVAX Establishing New Support Levels Around $100Look for entries just over $100 or anything you can nail down below. Avalanche also has news behind it with many strong projects launching and seeing success on it, as promised. Note that in August of 2021 this year, AVAX was less than $20... so many investors from months ago are in major profits. Major mountains of support from volume profile (shown as horizontal bar chart on candlestick price action section) are then at approx $50 and $80.
Extrapolating, $100 to $110 level could become the new major mountain of support that is growing.
I am liking EXRD Radix as a new alternative and enhancement to AVAX, though it is no where near as established yet ;)
From the Daily chart, AVAX is a little high but look for stochastic RSI to oscillate down to oversold in lower timeframes such as 4HR and 1HR.
Staking AVAX is a great idea, and the community is coming along to be as strong as EGLD and ADA in my opinion.
Today I am neutral on AVAX, but in general and in the medium to long term I am very bullish on all coins mentioned. Especially watching EXRD.
