Avalanche Price Forecast: AVAXUSD Poised to Sustain its Upward Momentum
Login

Avalanche Price Forecast: AVAXUSD Poised to Sustain its Upward Momentum

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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


Avalanche Price Forecast: April 4

The Avalanche price forecast is for the market to sustain its upward trend despite rejection at a significant level.

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

Key Levels:
Resistance Level: $50.10, $56.20, $65.50
Support Level: $26.20, $42.40, $45.30

Avalanche Price Forecast: AVAXUSD Poised to Sustain its Upward Momentum

The Avalanche market is expected to continue its upward trend, despite the latest rejection at $65.50. After the coin evaded the $21.50 significant level, investors rode the price with a near-smooth rise till it stopped at $50.10. What is seen next is a descent in the price. Nevertheless, market forces made the most of the retracement period by forming the market into a bullish reversal flag structure. This resulted in an actual price reversal that set the coin on an uptrend.

Avalanche Price Forecast: AVAX/USD Outlook

The Avalanche market is poised to sustain its upward trajectory, notwithstanding the recent setback at the $65.50 resistance level.

After successfully surpassing the pivotal level of $21.50, investors propelled the price upwards with relative ease until it encountered resistance at $50.10. Subsequently, a price correction ensued.

However, during this retracement phase, market dynamics led to the formation of a bullish reversal flag structure, culminating in an actual price reversal and setting the coin on a renewed uptrend.

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

On the daily chart, the Moving Average (MA) period 20 provided consistent support to the market, aligning closely with an ascending trendline. This momentum carried the price past the $56.20 key resistance level. Nonetheless, the coin faced resistance at $65.50, resulting in the daily candles dipping below the MA period 20. The Stochastic lines plummeted directly to the oversold region in response to this rejection, although the market maintains its position above the ascending trendline.

Avalanche Price Forecast: AVAXUSD Poised to Sustain its Upward Momentum

Shifting the focus to the 4-hour timeframe, the MA period 20 remains positioned above the current candle formations and the prevailing market trading level, indicating a potential price correction. The Stochastic Oscillator lines have similarly retreated to the oversold border and are oscillating around this threshold. It’s worth noting that the coin has descended to a robust confluence point at $45.30, intersecting with the ascending trendline. This juncture holds significant potential to propel the market upwards, supported by these crypto signals.

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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News