Avalanche Price Forecast: Sellers Could Retain the Upper Hand Amidst Consolidation

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Avalanche Price Forecast: September 7

Avalanche price forecast shows a period of consolidation, with buyers and sellers engaged in a struggle for control.

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

Key Levels
Zones of Supply: 21.690, 16.00
Zone of Demand: 11.200, 9.500

Avalanche Price Forecast: Sellers Could Retain the Upper Hand Amidst Consolidation

Avalanche has been characterized by a tug-of-war between buyers and sellers. While buyers have attempted to regain confidence, they have been met with resistance from sellers. This struggle has resulted in a period of accumulation where price movements have been relatively stagnant.

Avalanche Price Forecast: AVAX/USD Outlook

Despite the ongoing consolidation, sellers have managed to maintain the upper hand. Towards the end of August, the bears attempted to push the price below the key support level of $9.500. However, their efforts were unsuccessful, and since then, the price has been hovering above this level. This failure to break the support level indicates the resilience of sellers in the market.

The momentum indicator on Avalanche is currently quiet, suggesting a lack of significant influence in the market. This indicates that there is a need for more substantial price movements to drive the market in either direction.
Given the continued dominance of sellers, it is expected that a breakout will occur in the near future. While sellers may appear quiet at the moment, a breakout below the $9.500 key level is highly plausible. However, the ongoing tug-of-war between buyers and sellers has resulted in price accumulation. However, neither side has been able to gain a decisive advantage.

AVAX/USD Medium-Term Trend: Bullish (4-Hour Chart)

In the short term, sellers are fighting back to push the price lower. However, for the price to eventually break through the $9.500 level, it will require a significant drive.

Avalanche Price Forecast: Sellers Could Retain the Upper Hand Amidst Consolidation

This indicates that a breakout may be imminent as sellers continue to exert pressure. It is only pertinent to see what the rest of the week has in place.

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 or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *