Swap Avalanche (AVAX) to USDC

In the middle of May 2022, the price of the AVAX token in USDC was at the level of 37, but entering a downward trajectory. In the next 2 days, it dropped to 32.9 and then recovered, but to a lower level of 36.9. The value of AVAX in USDC continued bouncing and by May 21 it dropped to 29. The attempt to break the resistant level failed and the value of the AVAX token in the USD coin was lost, even more, falling to 23 on May 27. At the end of the month, and the first days of June the AVAX to USDC conversion ratio recovered, reaching 29, and then went down and stabilized at the level of 23 for a couple of days. 

In the following week, the AVAX to USDC exchange ratio was stable, bouncing within 22-24. But on June 10 the situation started to change as the crypto market was shaken by the massive whales’ sell-off of the tokens, causing a huge market correction. At that time the AVAX/USDC trading pair price started to fall faster. On June 14 the AVAX token was trading for 16 USDC. And for another week, it was a new price level for the AVAX to USDT price chart. But from June 20 the AVAX token price in USD coins started flipping the trend and going up slightly. In one week the exchange ratio reached 21.

After the price chart of AVAX to USDC established a new resistance level at 21 and support of 16, the price chart stayed within those points for around 2 weeks. From July 15 through the crypto market started to wake up from the long crypto winter. The assets started going up, and the Avalanche coin was also affected by this change. To swap AVAX the users paid 25 USDC on July 20. In one week the value of the AVAX token in USDC dropped to 21 to continue in the uptrend later. The price of AVAX in USDC kept establishing new milestones each week and by August 11 reached 29. The forecast for the AVAX to USDC price chart is moderately bullish.