Avalanche Price Forecast: Avalanche Reacts at Critical Resistance Level

Avalanche Price Forecast: October 26

The Avalanche price forecast is for the market, which is currently at a crucial juncture, to overcome the $10.60 resistance to surge higher.

Avalanche Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $16.00, $14.20, $12.30
Zones of Demand: $10.60, $9.50, $8.00

The Avalanche market has been experiencing fresh bullish pumps from its low price. Hence we see a consistent lineup of bullish candlesticks until the price rises to the critical level of $10.60. It is make-or-break for the market at this level. Nevertheless, the coin has risen above its level and could rise even higher.

Avalanche Price Forecast: AVAX/USD Outlook

In recent times, the Avalanche market has witnessed a series of strong bullish movements, propelling its price from lower levels.

This persistent upward trend has led to the price approaching a critical point at $10.60, which holds the key to the market’s future.

The outcome at this juncture is pivotal, and it appears that the coin has not only reached this level but has the potential to ascend even further.

AVAX/USD Medium-Term Trend: Bullish (4-hour chart)

Examining the daily chart, the price has surged well above the 25-period Moving Average (MA), reflecting substantial bullish momentum. Furthermore, a notable surge in market volatility is evident, as indicated by the Average True Range (ATR). This heightened volatility can serve as an opportunity for buyers to further boost the price.

Analyzing the 4-hour chart reveals a similar pattern to the daily chart, with the price trading above the 25-period MA, which now acts as a reliable support level. In this shorter time frame, market volatility remains elevated, presenting a favorable environment for bullish investors to capitalize on and potentially driving the price up to $12.30.

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