The AVAX token is seeing some slight upside push after news of its listing on Coinbase Pro hit the newswires.
Coinbase Pro will support the AVAX/USDT pair in supported jurisdictions as from Thursday, September 30. However, only C-chain tokens (starting with Ox) will be supported. Inbound transfers for the AVAX token have already commenced. Other pairs to be supported will be the AVAX/USD and AVAX/EUR pairs. The support process is expected to kick off in three phases, with full trading being the final point in the line.
Traders are responding with cautious optimism, as a news report speaks of additional anti-crypto moves by China in the offing. As a result, Avax is up by a modest 0.58% as of writing, off its intraday highs.
The bounce on the 60.88 support and the ascending trendline keeps the bullish Avax price prediction bets intact. However, diminishing volume on the buy-side and a pinbar formation by the active candle suggest bullish exhaustion. This scenario could put the 60.88
support at risk. If a breakdown of this level occurs, 51.06 (38.2% Fibonacci retracement level) becomes the next available target. A further decline brings 43.13 and 35.19 into the mix, being the 50% and 61.8% Fibonacci retracement levels, respectively.
On the other hand, a bounce on the ascending trendline keeps the bulls in the game. However, the most recent highs need to be taken out by a price ascent to the 70.00 psychological price mark. This move keeps the bullish Aave price predictions for a possible push towards 76.75 in play, with a break of this area forming new highs on the AVAX/USDT pair.
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