AVAX’s rare green signal after price crash – To buy or not to buy

While volatilty increased, the AO showed that AVAX might slip below $45 before a potential recovery.price to decline below $50. However, AMBCrypto’s analysis showed that the collapse might not last long.

But when placed side by side with the price, the decreasing OI could be good news. This is because the lack of interest alongside the plunging value was a sign that the downtrend was getting weak.Should the indicator continue to fall, the convergence could cause an impulsive move that could trigger AVAX back above $50.

If the market condition becomes extremely bearish, the price might plunge harder than it has. However, the signal displayed by the OI as discussed above implied that the bearish bias could be invalidated soon.According to the 4-hour AVAX/USD chart, the Supertrend continued to display a sell signal. This indicates that the price of the token might drop further below $47.10.around $43.71 if the price drops that low. The Money Flow Index was another indicator AMBcrypto evaluated.

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