Avalanche Price Forecast – AVAXUSD Consolidates Below $20.000 Key Level

Avalanche Price Forecast -March 20th

The Avalanche price forecast shows the market has entered a consolidation phase, trading below the significant $20.000 level.

AVAXUSD Key Levels

Support Level: $17.330 , $15.000
Resistance Level: $20.000 $25.000

Avalanche Long-Term Trend: Bullish (Daily Chart)

This month has been relatively quiet for Avalanche, as buyers have been slowly attempting to regain strength following a recent bearish dip. Since the beginning of this quarter, the market has consistently faced downward pressure.

Avalanche Price Forecast – AVAXUSD Outlook

Last month, sellers were actively trading around the $24.400 key level, but the market saw a massive drop to the $17.330 zone in recent weeks. While buyers managed to rise for a short period, they are currently struggling to gain the necessary strength to push higher.

The recent trading sessions have shown little significant progress due to price consolidation. This led traders to anticipate immediate expansion in the market. A consistent rise in the Momentum indicator will be crucial for confirming this potential upward movement.

The Moving Average Crossing indicator suggests that buyers remain interested in breaking through the consolidation phase. On the daily time frame, there appears to be an opportunity for further upside after the accumulation stage. As bullish sentiment continues to build, this could lead to more room for expansion.

If the buyers can maintain their momentum, they might step beyond the $20.000 key level, signaling a potential turnaround in market sentiment.

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

Given the current dynamics, the outlook for Avalanche appears cautiously optimistic. If buyers can establish consistent upward momentum and the Momentum indicator reflects this shift, there may be a viable opportunity for a bullish breakout.

Traders should closely monitor the behavior of the Moving Average Crossing and Momentum indicators for any signals of a shift in market sentiment. Successfully breaking through the $20.000 resistance level could open up new bullish opportunities for Avalanche in the near term.

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