Avalanche price According to the analysis, market sentiment is currently bullish and prices are expected to rise in the near future. The main support for the AVAX price is $ 18.8 and the resistance is seen at $ 22.5. The breakout was seen at the start of yesterday’s trading session, and prices have skyrocketed by more than 11% since then.
Digital asset AVAX has been doing well lately and has made some impressive profits in the last 24 hours. At the time of writing, AVAX is trading at $ 21.38. The market capitalization of digital assets has also surged from the previous $ 2.7 billion to $ 6.07 billion, with 24-hour trading volumes recorded at $ 594,452,299.25. Digital assets have received a lot of attention in the last few days and have emerged as one of the top performers in the cryptocurrency market after the recent market turmoil.
Avalanche price movements over the last 24 hours: strong bullish sentiment form
The daily chart of the Avalanche Price Analysis shows that prices have been on a steady uptrend in the last few hours and have risen significantly in the last 24 hours. Prices have risen above the $ 20 support level and are currently facing resistance at $ 22.5. AVAX’s 24-hour chart shows that prices have formed a bullish flag pattern and are currently trading above the $ 20 level.
The MACD indicator has crossed the bullish zone and is currently above the zero line. This shows the sentiment of the bull market. The RSI index is currently 73.48, well above the 50 level. This indicates that prices are currently in the overbought area. Both MA50 and MA200 are on the rise, indicating that prices are on the rise significantly. Bollinger Bands are now a wide and volatile market.
Digital assets have been under heavy buying pressure in the last few hours and are currently trading above the $ 22.5 level. The next big resistance to the price can be seen at $ 25. This is an important psychological level. Digital assets are expected to test this level in the near future. If the price does not exceed this level, a price correction is expected. Support levels for digital assets are $ 20 and $ 18.8.
Avalanche price analysis on 4-hour chart: bullish movement in the play
4 hour chart Avalanche price Analysis shows that prices form a rising triangular pattern, trading above $ 20. The price has also broken out of the $ 20 resistance level and is currently facing a $ 19.82 resistance. The market volatility is currently high as the Bollinger Bands are now far apart. The MACD indicator is currently in the bullish zone and above the zero line. This shows that market sentiment is currently bullish. The RSI index is currently 62.71, well above the 50 level. This indicates that prices are currently in the overbought area.
Avalanche price analysis shows that the market is currently overbought as the moving averages are sloping upwards. Both MA50 and MA200 are on the rise, indicating that prices are on the rise significantly. Also, SMA20 is well above EMA50, indicating that the market is bullish. The bullish move is expected to continue in the near future as the market appears to be on a strong uptrend. The Bulls’ next target can be seen for $ 22.5.
Conclusion of avalanche price analysis
In conclusion, Avalanche’s price analysis shows that market sentiment is bullish and investors are encouraged to buy AVAX at current levels in the long run. Digital assets are expected to soon break out of the $ 22.5 resistance level and rise towards the $ 20.00 level. However, bears can dominate the market if prices start to fall below the $ 18.80 level.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for any investment made based on the information contained on this page. Independent research and / or consultation with qualified professionals is highly recommended before making an investment decision.
