Avalanche Price Forecast: $126 Goal Remains Achievable
Current Market Position: Avalanche ($AVAX) is maintaining a critical breakout level, indicating a bullish trend with a potential price target of $126.03, representing a 325% increase from current levels.
Factors Supporting Growth: The growth of AVAX could be fueled by its expanding ecosystem, broader market recovery, and strong community support, although investors should remain cautious due to the inherent volatility of the crypto market.
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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 | 4.235 | 5.892 | 7.775 | 9.432 | 11.315 | 12.972 | 14.855 |
| Fibonacci | 5.892 | 7.245 | 8.08 | 9.432 | 10.785 | 11.62 | 12.972 |
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