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Tag: Consolidation

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Avalanche (AVAX) Breakout from Consolidation Faces Potential Failure

In Brief Avalanche’s price recently broke out of its consolidation within $39 and $31, which it might fail. Market cues suggest a decline is next for the altcoin as the MACD is close to a bearish crossover. Nearly $409 million worth of AVAX is sitting between $37 and $41, awaiting profits, creating resistance. Avalanche’s (AVAX)…
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Shiba Inu (SHIB) Price Analysis: Predicting Further Consolidation or Breakout?

In Brief SHIB average transaction size saw a significant 60% decline over four days, hinting at a potential wane in investor interest. The RSI for SHIB remains overbought, signaling possible upcoming corrections. Consolidation is apparent in the EMA lines, implying that SHIB price might stabilize this week. The Shiba Inu (SHIB) price has seen a…
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