The Avalanche price prediction reveals that AVAX could set a bullish run if the market can attempt to climb back above $18.
Avalanche Prediction Statistics Data:
- Avalanche price now – $17.40
- Avalanche market cap – $5.1 billion
- Avalanche circulating supply – $298 million
- Avalanche total supply – $404.2 million
- Avalanche Coinmarketcap ranking – #17
Resistance levels: $22, $24, $26
Support levels: $14, $12, $10
At the moment, AVAX/USD is seen moving toward the resistance level of $18 with price growth of 2.34%. For the fact that the coin is recording some gain, the Avalanche price may continue to follow the bullish movement within the channel. Therefore, traders can expect the price to continue to rise if the bulls put more pressure on the market.
Avalanche Price Prediction: Avalanche (AVAX) May Head to the Upside
If the Avalanche price slides below the 9-day and 21-day moving averages, the market price could face the lower boundary of the channel. But if the price moves to cross above the upper boundary of the channel, traders can then expect a bullish continuation towards the upside. Meanwhile, as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, the possible resistance levels could be found at $22, $24, and $26.
However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, AVAX/USD can still drop below the 9-day and 21-day moving averages, and, a bearish extension could roll the coin to the long-term support at $14, $12, and $10 levels.
When compares with Bitcoin, Avalanche continues to follow the sideways movement but trading above the 9-day and 21-day moving averages. In the case of a cross above the upper boundary of the channel, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Avalanche (AVAX) is trading at 8408 SAT. Therefore, crossing below the moving averages could hit the support at 7000 SAT and below.
Nonetheless, if a bullish move occurs above the channel; buyers can confirm a bull run for the coin. Moreover, the closest resistance lies at 10000 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, suggesting bullish movement.
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