Avalanche price analysis reveals that the bullish momentum observed last week is taking over the AVAX / USD market. Green candlesticks appeared on the chart, but there were also certain fixes due to bearish practices. Today, the price level has risen to $ 21.4, but sales pressure has also increased and prices are now falling again. However, while losses have been held down so far, the trend could turn completely bearish as selling pressure increases.
AVAX / USD Daily Price Chart: Bearish upset temporarily hinders price increases
Avalanche price analysis for the day shows price increases after the market faced bearish turmoil at the beginning of the day, but bulls soon came to the rescue and continued their upward lead again. .. The small green candlestick shows an increase in value as the current price is $ 21.4. Coins have shown a 13.89% increase in value over the last 24 hours. This is an encouraging sign for buyers.
The observed volatility is mild, which is a promising signal for future buyers. The Bollinger Bands upper limit is $ 21.6, which represents resistance, and the lower limit is $ 15.4, which represents AVAX support. On the daily AVAX / USD chart, the moving average (MA) is $ 19.3, while the Bollinger Bands average is $ 18.5. The Relative Strength Index (RSI) graph shows a small horizontal movement where the value settles at index 57, suggesting opposition from the bearish side.
Avalanche Price Analysis: Recent Trends and Further Technical Signs
A 4-hour candlestick chart displaying an avalanche price analysis reveals the profits of today’s cryptocurrency holders. The past few hours have been very important for cryptocurrencies as selling pressure has returned and price levels have now dropped to the $ 21.4 level.
The moving average (MA) is $ 20.4 below the current price. The trendline is on the rise, with volatility increasing every hour as the upper part of the Bollinger band reaches $ 21.8 and the lower part of the band is $ 17.7. The RSI has begun to recede after touching the boundaries of the overbought region, with an RSI score of 67, which is still high, but the downward curve of the indicator shows sales activity in the market.
The technical indicators available for avalanche price analysis support buyers as they do today. There are a total of 26 indicators, 7 for sellers, 9 for neutral and the remaining 10 technical indicators for buyers.
Avalanche Price Analysis: Conclusion
Avalanche price analysis today Cryptocurrency The price rose bullishly as the price rose to $ 21.4. On the other hand, if the bullish trend that resumed a few hours ago continues in the near future, support is likely to be priced above $ 22. Conversely, if selling pressure continues, prices could return to the $ 20 level.
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