Avalanche Price Forecast: AVAXUSD Establishes Firm Support at $33.60

Avalanche Price Forecast: January 18

The Avalanche price forecast is for the market to build upward from the solid base of $33.60, potentially rising towards $42.40.

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

Key Levels:
Zones of supply: $36.80, $42.40, $45.30
Zones of Demand: $30.30, $33.60, $26.20

Avalanche has finally put a stop to the market slump at $33.60. The coin had done a great work of driving the market exceedingly high from the $21.50 demand level. The coin evaded all the barriers to reach $50.10, recording more than a 100% price increase. Expectedly, the buyers got exhausted which allowed the sellers to take advantage. The price then slumped by more than 35% before the slump stopped. Now AVAXUSD has made a solid foundation above $33.60.

Avalanche Price Forecast: AVAX/USD Outlook

Avalanche has successfully halted its descent, finding a firm support base at $33.60.

After an impressive surge from the $21.50 demand level to reach $50.10, marking a significant 100% price increase, the market experienced a natural pullback.

This retracement, although substantial at over 35%, eventually stabilized, forming a solid foundation above $33.60.

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

On the daily chart, the price exhibited a brief interaction with the MA period 50 (Moving Average), slightly descending from it. Nonetheless, this interaction indicated a pause in the bearish momentum. The Stochastic Oscillator reflects this stabilization, with its lines rebounding from the oversold region and approaching the middle line before dropping again, hinting at potential bullish momentum.

Examining the 4-hour chart, the MA period 50 maintains its position above the candlesticks, providing a reachable threshold for a bullish revival. The Stochastic Oscillator lines on this timeframe have crossed the middle line before dropping again, confirming a potential for a shift from a price slump to a rally towards $42.40. AVAXUSD appears to have established a resilient foundation at $33.60.

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