Avalanche, Crypto.com & ApeCoin — Asian Wrap 05 July

Avalanche’s AVAX price could endure another catastrophic drop. Being an early buyer could be problematic. Avalanche’s AVAX price is showing signs of optimism amid the brutal drop investors have witnessed. On July 4, 2022, AVAX price successfully retraced a key 61.8% Fibonacci level at $17.41.

Crypto.com price is in an unfortunate position. Since selling off the April highs of $0.50, the bulls have not seen any pullbacks into which it would be worth selling their lost investment. Crypto.com price has been consolidating and falling for months without bull retaliation. In short, investors avoid dealing with cryptocurrency exchange tokens.

ApeCoin price breaks below a key technical element in the ASIA PAC session this morning that could signal the end of the current rally. Now there is a risk of fully reversing any gains made and returning to this year’s low near $3.00. Overall, ApeCoin traders could lose around 30%.

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