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AVAX’s price – Up to hit $37 or down to $32?

Press Releases Crypto News AMB-Crypto AVAX’s price – Up to hit $37 or down to $32?

Long positions targeting $37 might experience large-scale liquidations.
If the money flow stalls, AVAX could drop to $32.

AMBCrypto’s analysis of the Liquidation Levels has flashed a warning signal for Avalanche [AVAX] traders. According to the data evaluated using Hyblock Capital, there was a cluster of liquidity around the $37 region.

For context, Liquidation Levels show the estimated prices where a liquidation event might occur. From the chart below, AVAX might proceed toward $37.

Is south the next direction?

But once it hits the zone, it could trigger the stop loss of long positions with high leverage. Upon hitting this level, very little liquidity might be left, forcing the price to reverse southward.

Go to Source to See Full Article
Author: Victor Olanrewaju

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