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.
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