Avalanche price The analysis is currently showing a strong bullish move, AVAX price Soaring towards $ 20.05. Coins have risen sharply in price over the past few days and are now on the rise. However, the $ 20.38 has strong resistance and may limit the possibility of an upside in the short term. Support for AVAX / USD pairs is $ 19.48.
AVAX prices are currently trading at a strong bullish momentum, with coins skyrocketing by more than 1% in the last 24 hours. The coin has broken out of the downward triangular pattern and is now trying to continue its upward movement. Coins are trading at $ 20.05, with a 24-hour trading volume of $ 487 million and a market capitalization of $ 5.38 billion, the 25th largest in the world.
Avalanche price movements over the last 24 hours: AVAX / USD faces resistance at $ 20.38
Avalanche price analysis shows that the AVAX price is facing strong resistance at $ 20.38, but above this level the price could skyrocket towards $ 21. Bears have tried to lower prices in the last few hours, but buyers have been able to defend their support for $ 19.48. This is a positive sign.
Coins are currently trading above the 50-day moving average and the 200-day simple moving average. Both of these are bullish indicators. The RSI of the AVAX / USD pair is currently 63.39, which indicates that the coin is in the overbought territory. The pair’s MACD is also in the bullish zone and is currently gaining momentum.
AVAX / USD 4-hour price analysis: latest development
In a 4-hour avalanche price analysis, the coins form a rising triangular pattern that is a sign of bullishness. Coins are currently trading above the $ 20 level and are about to break out of the triangular pattern. The moving average convergent divergence line (blue) is moving above the signal line (red), which is a sign of bullishness.
The Relative Strength Index is moving in the overbought territory. This shows that the coin is currently in a bullish momentum. Both digital assets are trading above the bullish indicators of a 50-day moving average and a 200-day simple moving average.
Conclusion of avalanche price analysis
Avalanche price analysis shows bullish momentum and more bullish opportunities. In addition, the Bulls are showing deterrence and the market is showing great signs of change, which could quickly dominate the market in the long run. Therefore, according to this analysis, avalanches are expected to be a bullish market in the long run.
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