The cryptocurrency market continues to attract investor attention due to its volatility and opportunities. This article examines current trends on AVAX and LINK, as well as key support and resistance levels.
AVAX Analysis
AVAX continues to rise after breaking out of a flag pattern. The cryptocurrency has reached the target price within the parallel channel. The next key resistance lies between $26.5 and $27.2. If the price retraces to test support, it may find it between $23.8 and $24, which aligns with the 0.618 Fibonacci level and a high trading volume area.
LINK Overview
LINK recently completed a head and shoulders bottom pattern, with the green curves representing the two shoulders and the head. After breaking through the neckline, the price faced resistance at $18 and pulled back, falling to around $15 before finding support near the 0.382 Fibonacci level. At present, the price stands around $17, and investors may consider waiting for a second pullback to enter the market.
Conclusion
Both assets, AVAX and LINK, demonstrate interesting technical levels. Investors may use these limitations to formulate market entry strategies based on their individual preferences.
The current trends on AVAX and LINK create opportunities for investments using various approaches. Respecting support and resistance levels is crucial for successful trading.
