Cryptocurrencies Price Prediction: Avalanche, Crypto.com & ApeCoin — Asian Wrap 05 July
|Avalanche’s AVAX price is finished unless this happens
Avalanche’s AVAX price could endure another cataclysmic decline. Being an early buyer could be problematic. Avalanche’s AVAX price is showing signs of optimism amidst the brutal decline investors have been experiencing. On July 4, 2022, the AVAX price successfully retraced into a key 61.8% Fibonacci level at $17.41.
Why the Crypto.com price remains suppressed and what it will take to recover losses
Crypto.com price is in an unfortunate position. Since the sell-off from April highs at $0.50, the bulls have seen no pullbacks worth selling their losing investment into. The Crypto.com price has consolidated and declined for months with no retaliation from the bulls. In short, investors are avoiding engagement with cryptocurrency exchange tokens.
ApeCoin Price Prediction: APE hangs by a thread
ApeCoin price is breaking below an important technical element in the ASIA PAC session this morning that could signal the end of the current rally. At risk now is a full paring back of all the incurred gains and a swing back to the low of this year, near $3.00. In total, ApeCoin traders could stand to lose roughly 30%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.