Avalanche Price Forecast – AVAXUSD Buyers Seek Catalyst for Breakout

Avalanche Price Forecast – January 23

The Avalanche price forecast reveals that buyers are maintaining stability above the $32.840 support level as the market consolidates under selling pressure.

Avalanche Long Term Trend: Bullish (Daily Chart)
Key Levels

Support Levels: $32.840, $30.000
Resistance Levels: $36.000, $40.360
Avalanche buyers are working to stabilize the market following a pullback from $40.360. The price is currently consolidating near the $32.840 support level as buyers attempt to rebuild momentum. The Bollinger Band indicator highlights a reduction in volatility, signaling a calm period as traders anticipate the next significant market movement.

Avalanche Price Forecast – AVAXUSD Outlook

The Momentum indicator shows a minor bearish flow, reflecting persistent selling pressure. However, buyers remain ready to regain control if a bullish catalyst arises.

If buyers manage to strengthen their position, Avalanche could retest $36.000, with a breakout above $40.360 paving the way for further bullish momentum. Sustained buying activity would confirm the dominance of bulls and establish a more robust upward trend.

Conversely, failure to hold the $32.840 key support level could lead to a deeper pullback toward $30.000, potentially allowing sellers to gain temporary control. Crypto signals indicate that market participants are closely monitoring these key levels for decisive movements.

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

On the 4-hour chart, Avalanche remains in a consolidation phase, with the Momentum indicator reflecting a neutral stance as buyers and sellers vie for control. The Bollinger Band suggests an imminent breakout, with increased volatility expected in the near term.
If buyers overcome resistance around $34.500, Avalanche may target $36.000 in the medium term. Conversely, a drop below $32.500 could lead to further consolidation or a minor decline.

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