Avalanche Price Forecast: AVAXUSD Sustains Upward Trend from $10.60 Support Level

Avalanche Price Forecast: July 27

The Avalanche price forecast is for the market to maintain its momentum to break the $13.40–$14.20 resistance zone.

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

Key Levels:
Zones of supply: $14.20, $21.50
Zones of Demand: $10.60, $8.00

AVAXUSD has experienced a bullish turnaround after encountering a double-top bearish formation that drove the price to the $10.60 support level. The coin strives to overcome the resistance at $13.40–14.20, with positive indicators like the MACD and Parabolic SAR showing signs of potential further gains. This could lead to a price increase of $18.20.

Avalanche Price Forecast: AVAX/USD Outlook

AVAXUSD recently experienced a significant market reversal after encountering a double-top bearish formation, which caused a decline to the crucial support level of $10.60.

However, the bulls wasted no time in initiating a recovery, leading to a gradual uptrend. As of the latest analysis, AVAXUSD has climbed to the $13.40 zone and attempts to surpass this level.

The coin’s price has been consistently increasing with higher highs and lows. The MACD line has risen above the zero level. This suggests a shift in market sentiment towards the bullish side. Nevertheless, a pullback suggests resistance at $14.20.

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

The Parabolic SAR (Stop and Reverse), has witnessed a notable change in its position. The SAR dots have switched above the daily candles, reflecting the recent bearish pressure on the coin’s price action. However, in the short-term scenario, the Parabolic SAR dots have moved below the candles after forming a new higher low.

Also, the current upward trend in the 4-hour MACD lines suggests an evolving positive momentum in market sentiment. Looking ahead, a significant milestone for AVAXUSD would be breaching the resistance zone between $13.40 and $14.20. Successfully surpassing this obstacle could grant the coin more freedom to rise further, potentially targeting the $18.20 price level afterward.

 

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