Avalanche (AVAX) Price Breakthrough Analysis
- Price Range Volatility: Avalanche (AVAX) has been trading between $8.20 and $10.50, with market speculation on a potential breakout; if successful, targets could reach $12.70 and $13.90, while failure may see a drop back to $9.00 or $8.20.
- Buyer Activity Signals: Recent pullbacks have seen buyers actively entering the market around the $8.20 to $8.50 range, indicating diminishing sell pressure and paving the way for a potential upswing, with AVAX rising to $9.35 yesterday, marking a 3.88% increase.
- Key Support and Resistance: Currently hovering in a crucial accumulation zone between $8.50 and $9.50, historically linked to significant rallies, maintaining this support could lead to targets as high as $23.5 to $32.7, with potential to exceed $100.
- Institutional Investment Interest: The introduction of an Avalanche-focused ETF by Bitwise enhances AVAX's appeal, coupled with consistent accumulation by high-volume wallets, indicating strong market interest, with the critical $10.50 resistance level posing essential implications for its future trajectory.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX). As of , Avalanche (AVAX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 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 crypto.
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 | 7.879 | 8.42 | 8.929 | 9.47 | 9.979 | 10.52 | 11.029 |
| Fibonacci | 8.42 | 8.821 | 9.069 | 9.47 | 9.871 | 10.119 | 10.52 |
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