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: December 21
The Avalanche price forecast is for the bulls to keep being persistent in finding a way through the $21.50 significant level.
Avalanche Long-Term Trend: Bullish (1 Day Chart)
Key Levels:
Zones of supply: $45.30, $51.20
Zones of Demand: $36.80, $3.30
AVAXUSD is planning to finish the year on a very high note. The price has now recorded over 125% price increase in just over two weeks. The initial breakthrough was when the price finally violated the $21.50 resistance level which has kept the market in confinement since August last year. During this period, Avalanche dropped to an all-time low at $8.75. It was after this point that the coin made a significant bullish movement to break out of the $21.50 resistance and surge higher.
Avalanche Price Forecast: AVAX/USD Outlook
AVAXUSD is poised for a strong finish to the year, having experienced a remarkable surge of over 125% in just a little over two weeks.
The breakthrough moment occurred when the price decisively breached the $21.50 resistance level that had constrained the market since August of the previous year.
Following an all-time low at $8.75, Avalanche displayed notable bullish movement, successfully surpassing the $21.50 resistance and embarking on an upward trajectory.
AVAX/USD Medium-Term Trend: Bullish (4-hour chart)
Despite this positive momentum, the market encountered resistance at $45.30, prompting a pullback to $36.80 for a subsequent rebound. This maneuver led to the Parabolic SAR dots briefly switching above the candles and then returning below, signaling the resilience of bullish forces. The Momentum indicator reflected a reduction in momentum as the price approached the resistance level.
On the 4-hour chart, the bulls have reasserted control, propelling the market towards a resistance level breakout. The Parabolic SAR dots are once again positioned below and aligned beneath the candlesticks, indicating a favorable trajectory. The Momentum indicator exhibits a notable upward surge. AVAXUSD is targeting a move to $51.20 before the conclusion of the year.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.