Avalanche Price Forecast: AVAXUSD Struggles to Rally from $33.60 Support
Login

Avalanche Price Forecast: AVAXUSD Struggles to Rally from $33.60 Support

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 25

The Avalanche price forecast is for a short period of consolidation for the bulls to regain momentum to push upward again.

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

Key Levels:
Resistance Level: $36.80, $42.40, $50.10
Support Level: $33.60, $30.30, $23.60

Avalanche Price Forecast: AVAXUSD Struggles to Rally from $33.60 Support

The Avalanche market struggles to rise off the $33.60 support level and selling activities could kick in to drive the price below the support. Previously, the coin was trudging along a rising trendline after breaking out from a bullish reversal flag structure. After rising for a while, the bulls became excited and started to ping the price higher, thereby inviting bearish pressure. In the end, the market is forced to drop below the rising trendline to $33.60 where it is currently struggling.

Avalanche Price Forecast: AVAX/USD Outlook

The Avalanche market faces challenges in rallying from the $33.60 support level, with potential selling pressure threatening to push the price below this critical point.

Previously, AVAXUSD followed an upward trendline after breaking out from a bullish reversal flag pattern. However, the enthusiasm of the bulls, eager to drive prices higher, inadvertently attracted bearish pressure.

Consequently, the market retreated below the rising trendline to the current support at $33.60.

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

Despite attempts to rally at this support level, the price has faltered, returning to $33.60. Crypto signals indicate a halt in the market’s momentum, as evidenced by a sharp downturn in the Momentum indicator, which had been on an upward trajectory. The RSI (Relative Strength Index) approached the 50 mark but has since fluctuated in the bearish territory, underscoring the market’s struggle.

Avalanche Price Forecast: AVAXUSD Struggles to Rally from $33.60 Support

On the 4-hour timeframe, there’s a noticeable decline in momentum, with the Momentum indicator registering negative values. Similarly, the RSI indicator’s line is descending below the 50 mark, reflecting the weakening resolve of the market’s bullish sentiment. The market may witness price accumulation before a potential resurgence in bullish enthusiasm or face a decline toward lower price levels.

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