Avalanche Price Forecast: AVAXUSD Buyers Yield Strong Bullish Tendency

Avalanche Price Forecast: June 27th

The Avalanche price forecast predicts that buyers will continue gaining strength and aim to break through the significant $28,500 level.

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

Zones of Supply: $39.800, $40.000
Zones of Demand: $36.500, $28.500
Avalanche has experienced a resurgence of buying pressure, with buyers building strength to challenge the $28.500 level. After a prolonged bearish period since last month, buyers have made a strong recovery this week. They are positioning themselves to potentially break through this crucial resistance. The price has shown a bearish tendency, with buyers pulling back from placing more orders around the $41.700 key level, leading to prolonged bearish sentiment into the current month. However, buyers have now stepped up and are at a critical point of breaking through the $28.500 zone.

Avalanche Price Forecast: AVAX/USD

The determined efforts of buyers have paid off, creating a new lower high this week, putting the bulls at an advantage. If buyers can successfully push the Avalanche price through the $28.500 zone, it could confirm a strengthening of bullish momentum in the market.

The Momentum indicator has been rising since the start of this week, reflecting strong sentiment from the buy side.

Despite the bearish trend confirmed by the Parabolic SAR (Stop and Reverse) indicator, buyers remain determined to regain control of the market.

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

In the short-term timeframe, buyers continue to exert their strength, significantly impacting the market. The Momentum indicator reflects buyers’ resilience, while the Parabolic SAR is heading north, putting buyers in charge.
If buyers maintain their current momentum, it could open the door for a move towards the $30,000 key area. This would be a crucial milestone for the bulls, as it could confirm the strengthening of bullish sentiment in the Avalanche market. Crypto signals suggest closely monitoring this potential breakout for trading opportunities.

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