Avalanche Price Forecast: AVAXUSD Buyers Aim for Recovery as Price Slips Lower

Avalanche Price Forecast – October 3

The Avalanche price forecast reveals that buyers are showing renewed interest as the price declines, countering the ongoing selling pressure.

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

Support Levels: $25.000, $23.000
Resistance Levels: $30.000, $32.500
The Avalanche market has been moving upward within an ascending channel. Last month, buyers successfully drove the price toward the $30.000 key level before sellers intervened, triggering a retreat. The current pullback to the $25.000 support level marks a lower low, but buyers are now positioning for a potential reversal.

AVAXUSD Price Forecast: AVAXUSD Outlook

Since the price dip last week, the Momentum indicator has been in decline, signaling a slowdown in the market. Meanwhile, the Moving Average crossing has yet to indicate any significant changes, keeping the market in a waiting phase. Buyers will need to regain momentum to push the price higher once more.

The current outlook for AVAXUSD shows potential for a rebound if buyers can regain confidence around the $25.000 support level. The ascending channel remains intact, and as long as buyers uphold this structure, they could drive the price back toward the $30.000 resistance level. However, if sellers break through the channel, the market might experience further declines.

Although the Moving Average crossing indicator has not provided a definitive signal, and the Momentum indicator continues to exhibit weakness, buyers need both indicators to align before a solid recovery can occur, especially with favorable crypto signals suggesting potential market activity.

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

In the short-term view, the market remains undecided. Buyers are cautiously pushing forward, but the price has yet to demonstrate a clear direction. The current trend line could serve as a support zone, offering a potential bounce for buyers.
However, both the Moving Average crossing and Momentum indicators are still awaiting stronger signals to indicate a definitive move. If buyers manage to push the price higher from this point, they could aim for the $30.000 resistance level once again.

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