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Avalanche Price Forecast – November 14
The Avalanche price forecast reveals a strong recovery effort, with buyers pressing sellers back toward the $31.710 resistance level.
AVAXUSD Long-Term Trend: Bullish (Daily Chart)
Support Levels: $30.000, $28.500
Resistance Levels: $31.710, $37.000
Earlier this week, the AVAX crypto market faced notable bearish pressure, causing Avalanche’s price to retreat from a high of $37.700. However, the momentum of the sellers has diminished, allowing the bulls to reassert their presence. Since the beginning of November, Avalanche has followed a bullish trajectory, rallying from the $23.800 support zone and demonstrating resilience despite market volatility.
Avalanche Price Forecast – AVAXUSD Outlook
The month began with a strong bullish drive, as Avalanche buyers lifted the price from $23.800 to a peak near $37.000. Although a brief sell-off interrupted this momentum, the market remains positioned for further gains. Buyers are now targeting a break above the $31.710 resistance zone, a key area where sellers previously mounted a defense. With bullish sentiment gaining traction, the market outlook remains positive.
The Bollinger Bands indicate heightened volatility, signaling the potential for significant price movements. Their expansion highlights increased trading activity and the likelihood of a breakout. Avalanche’s price currently leans toward the upper band, a bullish indication that buyers are striving to regain control.
The MACD (Moving Average Convergence Divergence) further reinforces this bullish sentiment, showing a positive crossover and a gradual rise in momentum. While earlier bearish sentiment caused a slight dip in the signal line, the MACD’s current position favors buyers. Continued momentum could trigger a stronger reversal, solidifying the bulls’ dominance.
Avalanche Price Medium Term Trend: Bullish (4-hour Chart)
On shorter time frames, buyers are preparing to resume upward momentum. Although the MACD reflects some residual effects of recent bearish activity, it shows signs of recovery, pointing to a potential shift back in favor of the bulls.
The Bollinger Bands remain expanded, indicating ample room for price movement. As buyers continue to challenge the resistance level, the market shows promise for further gains, supported by persistent bullish sentiment and favorable crypto signals.
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