Avalanche Price Forecast: AVAXUSD Buyers Showing Signs of Recovery

Avalanche Price Forecast: July 4th

The Avalanche price forecast shows that buyers have been putting up a strong fight, pulling back from lows and targeting a break above the $26,300 resistance level.

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

Supply Zones: $26,300, $41,000
Demand Zones: $22,000, $20,000
Despite the overall market being dominated by bearish sentiment, AVAXUSD buyers have been remarkable in their efforts, showcasing signs of a potential recovery. The buyers have been unpredictable in their approach, with the price action painting a dynamic picture. This week, the sellers have fallen short near the crucial $22,000 level, marking the lowest point so far this year. However, the buyers have stepped in, aggressively pulling the price back up to the $26,300 significant zone.

Avalanche Price Forecast: AVAXUSD

At this juncture, the bulls are still exhibiting a strong desire to gain further momentum before potentially bailing out. A few weeks ago, buyers also came in with considerable force after sellers had pushed the price below the $25,000 level, resulting in a pullback toward the crucial $30,000 resistance.

Now, if buyers wish to continue their upward momentum, a break above the $26,000 significant zone would be a highly plausible scenario. The Stochastic Oscillator has switched direction, providing a boost to the buyers’ confidence.

The buyers still appear to be motivated and determined to exert their influence this week. Interestingly, the Parabolic SAR (Stop and Reverse) indicator has also shifted its stance, further reinforcing the buyers’ outlook.

AVAXUSD Medium Term: Bullish (4-Hour Chart)

In the shorter time frames, buyers are maintaining their dominance and may have the potential to cross over to the next level of resistance. Should the buyers succeed in overcoming the $26,300 key level, they are likely to continue forging upward.
At the moment, both the Parabolic SAR and the Stochastic Oscillator indicators are lending support to the buyers. This suggests their continued presence in the market. For those following the best crypto signals, these developments are worth noting for timely insights.

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