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Avalanche Price Forecast: December 14
The Avalanche price forecast is for the market to keep punching its weight in an upward direction, striving for higher prices.
Avalanche Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $51.60, $65.50
Zones of Demand: $36.80, $30.30
AVAXUSD bulls keep going from strength to strength. With the latest move, the coin has rewarded investors, as it has now equaled its 19-month high. In addition, the coin seems to have settled nicely above the $36.80 significant level. This means there is potential for even higher price movements. At present, the bulls are trying to regain energy above the $36.80 demand level with their gaze firmly fixed on the $51.20 resistance level.
Avalanche Price Forecast: AVAX/USD Outlook
AVAXUSD achieves a 19-month high in its latest upward surge, showcasing the resilience of AVAXUSD bulls.
The coin has not only reached this milestone but has also securely established itself above the notable $36.80 level, signaling the potential for further upward movements.
Currently, bulls are focusing on regaining momentum above the $36.80 demand level, with a clear target set at the $51.20 resistance level.
AVAX/USD Medium-Term Trend: Bullish (4-hour chart)
Examining the daily chart, the Average True Range (ATR) indicator indicates a sustained increase in market volatility concurrent with the rising price. The Elders Force Index (EFI) power line stands prominently above the zero level, affirming the firm control of the market by the bulls.
On the 4-hour timeframe, the ATR indicator displays a linear movement and a slight dip as buyers seek stability and recovery above the $36.80 significant level. Despite this, the EFI power line remains significantly above the zero level, underscoring the continued dominance of the bulls. The coin is anticipated to persist in its bullish trajectory towards the $51.20 mark.
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