AVAX rises 3.30%, but technical pressure remains
BROBROK News · Based on reporting by DiarioBitcoin ·
AVAX posted a reported daily gain of 3.30% on November 1, but the technical picture still does not confirm a trend reversal. The token remains below several moving averages, while MACD is still negative and daily volume is under its 30-day average.
Key points
- AVAX traded at $8.78 with a reported 3.30% daily gain
- Daily volume of $344.50 million was 7.65% below the 30-day average
- Price is above some short- and long-term averages, but below SMA-15, SMA-20, SMA-30 and SMA-50
- RSI at 40.2 and a bearish MACD suggest the rebound is not yet strong
- There is a possible exchange-related news catalyst, but it is not confirmed
Why it matters
For crypto investors, this is a reminder that a single green day does not equal a sustained turnaround. Weak volume and bearish indicators make it harder to tell whether the move is a real shift or just a temporary bounce.
Original headline: “AVAX sube 3,30% el 1 de noviembre, pero sigue bajo presión técnica”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.