Avalanche Price Forecast: AVAXUSD Establishes Firm Support at $33.60

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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 Price Forecast: AVAXUSD Establishes Firm Support at $33.60

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.

Avalanche Price Forecast: AVAXUSD Establishes Firm Support at $33.60

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.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *