Altcoin Season Begins? Avalanche Set To Break Out! +
Altcoin Season Indicators: The cryptocurrency market is showing signs of an altcoin season, where prices of altcoins are expected to rise relative to Bitcoin, prompting investors to shift their focus and capital towards these assets.
Avalanche and Bitcoin Updates: Avalanche is gaining recognition in the Web3 space with its recent awards, while Bitcoin approaches a significant milestone of $100,000, marking a notable moment according to Galaxy Digital's CEO.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX) As of , Avalanche (AVAX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AVAX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AVAX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.359 | 5.954 | 7.709 | 9.304 | 11.059 | 12.654 | 14.409 |
| Fibonacci | 5.954 | 7.234 | 8.025 | 9.304 | 10.584 | 11.375 | 12.654 |
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