Avalanche Price Forecast: Buyers Push Higher as Price Gains Momentum

Avalanche Price Forecast – October 10

The Avalanche price forecast indicates growing buying interest as the price gains traction above the key $26.650 level.

AVAXUSD Long-Term Trend: Bearish (1-Day Chart)
Key Levels

Support Levels: $25.000, $23.300
Resistance Levels: $28.000, $30.000
As the week unfolds, AVAX buyers have opened the market to potential gains, countering the sellers’ attempts to go short. Last month, buyers showed resilience by rebounding from the $30.000 level and moving above $26.500. Despite these gains, the overall trend remains bearish, with a descending channel pattern since August.

Avalanche Price Forecast: AVAXUSD Outlook

Buyers need a more significant push to overturn the bearish momentum in the market. On the daily chart, Avalanche continues to face bearish conditions, as buyers have not yet gathered enough strength for a breakout. The Bollinger Bands indicator shows increased volatility, with price fluctuations expanding. A move below the middle Bollinger Band level could increase selling pressure.

The RSI (Relative Strength Index) hovers around the mid-range, and a downward shift in the signal line could indicate further downside for the AVAXUSD coin. Buyers need to maintain the price above $26.650 to sustain momentum.

Although buyers have stepped up, the bearish trend remains dominant. Avalanche’s price trend over the past few months has been downward, with a descending channel pulling the price from August highs. If buyers manage to hold the $26.650 level, they may attempt a breakout; however, failing to maintain this level could allow sellers to drive prices lower.

AVAXUSD Medium-Term Trend: Consolidation (4-Hour Chart)

On the 4-hour chart, the market shows a struggle between bulls and bears. Buyers aim to break out, while sellers focus on driving prices lower.
A drop below the $26.650 level could indicate a bearish continuation. The Bollinger Bands suggest low volatility, and the RSI remains at the mid-level, showing no definitive directional movement. Many crypto signals point to this level as a critical point for traders to watch.

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