Avail Network Price Prediction: Is a Bearish Trend Emerging?

AVAIL's market cap is $350M, with a $146M trading volume

• AVAIL/USDT was listed on KuCoin on July 23rd and saw a dramatic price spike, reaching a daily high of $0.250000.

• Following the peak, the token experienced a 48% drop from its opening price, falling to $0.128000.

• #AVAIL Token formed a base around the lower levels and has been trading within a rising channel pattern.

• Today, $AVAIL tried to break through the $0.250000 resistance level but was unsuccessful, resulting in a pullback toward the lower boundary of the channel.

• The RSI is below 50, and the price is trading below the 20-day and 50-day moving averages, signaling bearish momentum.

• According to Coingabbar analysis, If the lower boundary holds, increased buying pressure could drive the price back up to the upper boundary, possibly setting new highs.

• If the bulls fail to maintain the lower boundary, the price may drop further to $0.170000 and could potentially fall to $0.120000.

KEY LEVELS :

RESISTANCE LEVEL : $0.250000-$0.300000

SUPPORT LEVEL : $0.150000-$0.100000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.