Avalanche Price Forecast: AVAXUSD Bulls Lose Momentum as Buying Focus Slips Near $30.000 Key Level

Avalanche Price Forecast – July 18th

The Avalanche price forecast shows buyers losing momentum as market pressure mounts, causing them to falter around the $29.510 key level.

AVAXUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels

Resistance Levels: $30.000, $35.000
Support Levels: $24.000, $21.860
The AVAXUSD buyers have lost track, facing a defeat around the $29.510 key level. Near the $30.000 significant level, market pressure has been overwhelming, preventing them from pushing forward despite repeated attempts.

Avalanche Price Forecast: AVAXUSD Outlook

The bulls have been struggling to extend their gains for the past few months, with the $30.000 market level proving to be a formidable resistance. For over two months, the bulls have found it difficult to break through this level.

A few months ago, the bears gathered strength, driving a lower move. From the $42.000 price zone, the Avalanche coin experienced a drop that eventually led to the $21.860 price level. Despite the recent recovery, it appears the buyers are stuck, having lost focus.

The MACD (Moving Average Convergence and Divergence) indicator remains in the buy-side region, but the Momentum indicator needs a stronger surge before a significant move can be expected.

AVAXUSD Medium Term Trend: Bullish (4-Hour Chart)

The short-term timeframe shows a decline in momentum, with buyers not yet ready to give up, potentially resuming their breakout attempt. By maintaining focus, the buyers could see an immediate continuation of bullish action.
However, the current market dynamics suggest that the Avalanche bulls have lost their momentum as buying focus slips near the $30.000 level. The MACD and Momentum indicators are showing signs of selling pressure, providing crucial crypto signals for traders.

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