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Avalanche Price Forecast – April 5th
Avalanche price forecast has recently managed to fend off selling pressure, shifting from a high of $22.400 last week to the current market zone of $18.250.
Avalanche Key Levels
Support Level: $15.320
Resistance Level: $22.400
Avalanche Long Term Trend Bullish (Daily Chart)
The buyers have demonstrated resilience in the face of selling pressure, but in recent days, they have been somewhat shut out, struggling to maintain control. The market environment has shifted, and while the bulls showed promise earlier, they are now contending with a challenging landscape.
Avalance Price Forecast – AVAXUSD Outlook
The Bollinger Band indicator indicates a gradual compression of price volatility, which often precedes significant price movements. This suggests that while volatility is currently low, a breakout—either upward or downward—could be on the horizon.
The Parabolic SAR (Stop and Reverse) indicator shows a delayed response to the market trend. This indicates that buyers may still be working to establish a stronger foothold. For now, it appears that the market will take time for buyers to fully recover and regain their momentum.
On the daily time frame, sellers have been in control, but buyers are making efforts to resist the prevailing sell motion. A strong rebound is essential for the bulls to reassert their dominance in the market.
Avalanche Short-Term Trend: Bearish (4-hour chart)
The outlook for Avalanche suggests that while the current market dynamics are challenging, there is potential for a rebound. The ongoing compression in the Bollinger Bands may indicate that the market is preparing for a significant move, and buyers need to capitalize on this opportunity.
Traders should closely monitor the Parabolic SAR for any signs of trend reversal and watch for support at the $15.320 level. If the buyers can successfully fend off selling pressures and initiate a strong rebound, it could set the stage for a challenge against the $22.400 resistance level.
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