Avalanche Price Forecast: AVAXUSD Capitalizes on Momentum Surge

Avalanche Price Forecast: October 5

The Avalanche price forecast is for the market to take full advantage of the momentum increase to pump its price higher.

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

Key Levels:b 
Zones of supply: $16.00, $10.60
Zones of Demand: $9.50, $8.00

Avalanche utilizes its momentum increase to push its price toward higher heights. The market had plunged seriously from mid-July into late September. At the $8.75 demand level, the coin started showing reversal candlestick patterns. This eventually led to a change in price direction. As we speak, the market has risen beyond $9.50 and is gunning towards $10.60.

Avalanche Price Forecast: AVAX/USD Outlook

AVAXUSD is capitalizing on the recent surge in momentum to propel its price to greater heights.

Following a substantial downturn from mid-July through late September, the market found a foothold at the $8.75 demand level, marked by the emergence of reversal candlestick patterns.

This reversal signaled a pivotal shift in price direction. Currently, the market has exceeded the $9.50 mark and is steadily advancing toward the $10.60 threshold.

AVAX/USD Medium-Term Trend: Bullish (4-hour chart)

The daily chart illustrates a series of Parabolic SAR (Stop and Reverse) dots positioned beneath the candlesticks, confirming the transition to a bullish trend. The Momentum indicator underscores the market’s newfound upward momentum, facilitating its ascent.

On the 4-hour chart, Parabolic SAR dots alternately appear around the candles, with a predominant presence below them, bolstering the uptrend. The Momentum indicator maintains a primarily lateral position on the 4-hour chart. All signs point to AVAXUSD’s potential to rise above and surpass the $10.60 resistance level, extending its positive trajectory.

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