Avalanche Price Forecast – AVAX Buyers Struggle to Break $37.420 Resistance

Avalanche Price Forecast – November 21

The Avalanche price forecast highlights intensified buyer efforts to overcome the $37.420 resistance level, a significant barrier to further bullish progress.

Avalanche Long-Term Trend: Bullish (Daily Chart)

Support Levels: $37.760, $30.640
Resistance Levels: $27.310, $22.210
Despite consistent upward pressure, the $37.420 level remains a formidable challenge for buyers. Since the start of November, Avalanche has shown strong bullish momentum, surging from the $22.210 support level.

Avalanche Price Forecast – AVAXUSD Outlook

The upward movement enabled buyers to drive prices toward $37.760, marking the month’s high so far. However, stiff resistance at this level has led to a period of consolidation. Buyers are steadily regrouping to maintain their push toward $37.420, though a decisive breakout has yet to materialize.

The Parabolic SAR indicator, now positioned above the current price, signals a decline in buyer control, while its continued ascent reflects a possible attempt to regain dominance. Meanwhile, the Stochastic Oscillator hovers near the overbought zone, signaling strong buyer activity but also warning of a potential slowdown or reversal.

On the daily chart, the market reflects a tug-of-war between bullish and bearish forces. Buyers remain determined to break through $37.420, but the Stochastic Oscillator suggests market momentum is approaching a critical turning point.

Avalanche Medium-Term Trend: Bullish (4-hour chart)

If buyers successfully break the $37.420 resistance, Avalanche could resume its bullish rally, potentially targeting new highs above $37.760. On the other hand, failure to overcome this level might lead to a temporary retracement, allowing the market to consolidate before buyers make another breakout attempt.
The Parabolic SAR’s upward trajectory and the Stochastic Oscillator’s bullish positioning underscore continued buyer strength. However, the ability to sustain momentum and surpass the $37.420 resistance will determine Avalanche’s next market direction. Traders monitoring crypto signals can capitalize on potential opportunities during this critical phase.

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