Avalanche (AVAXUSD) Holds Firm above Supply Level

AVAX (USD) Price Forecast: August 25

Today, the AVAXUSD pair is recovering and also holds firm above the supply levels, even as the broader crypto market reels from intense volatility. An upward trend still dominates the coin market, sparked by renewed optimism among investors, with the pair showing an upward momentum. The crypto price sends a clear bullish signal, trading above the 50-day EMA line, indicating that buyers are making solid progress. If the coin closes above the $26.84 high mark, accelerated buying pressure may drive the coin price to the $28.00 upper resistance level as the pair continues to grow in the evolving cryptocurrency market.

Key Levels:
Resistance Levels: $26.00 $27.00 $28.00
Support Levels:    $20.00, $19.00, $18.00

AVAX (USD) Long-term Trend: Bullish (Daily Chart)

Despite strong selling inflows, the AVAXUSD pair remains firm above supply levels in its long-term perspective, reflecting ongoing bullish resilience. The increase in bullish volume suggests that this rising trend will likely persist.
The upward trend is signaled by the price bar maintaining its position above the moving averages, which traders commonly use to identify trend direction.

The crypto price increase in its most recent high was also influenced by persistent bullish pressure that reached a high value of $26.26 in the previous session.

At the time of writing, the AVAX/USD price rises to a $26.74 resistance level above the EMA-50, indicating a more bullish impact on the coin as new entries are in the crypto market.

Therefore, assuming the upward advance continues, a bullish breach at the current resistance of $26.76 could trigger the recovery pattern and push

Avalanche prices higher to reach the $26.84 prior peak supply value, indicating increased investor confidence in an evolving market.

Additionally, the daily stochastic indicator signals an upward trend. From a higher time frame perspective, if bulls keep the coin price above the previous high, the next rally could surpass the $26.84 level and approach the $28.00 psychological threshold, supporting the continued upward trend in Avalanche.

AVAX (USD) Medium-term Trend: Bullish (4H Chart)

The market value of AVAXUSD has increased by 2.48% on the medium chart, showing that prices are still rising.
The prices have broken the previous high of $25.45 and are above the moving averages, confirming positive momentum.

In the meantime, the bullishness in its recent high has been aided by the bulls’ strong order flow at the $25.05 high value in the previous trading session.

The Avalanche market value is firm in upward pressure today, as the 4-hourly chart starts to show an upward trend, pushing the token price to a high of $25.88 above the EMA-50.

As a result, the cryptocurrency may move towards the upper channel for additional gains if it makes a strong rally from its current price above the $27.35 high level.

Notably, the price signal is pointing upward, suggesting a positive move.

According to its medium-term estimate, the AVAXUSD pair may climb and continue its upward trajectory in the coming days, reaching the $28.00 upper supply mark.

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