Avalanche Price Forecast: Sellers Push Towards $25.900, Buyers Eye Potential Reversal

AVAXUSD Price Forecast – October 24th

The Avalanche price forecast shows sellers have pushed the market down to the $25.900 key level, demonstrating a strong bearish presence.

AVAXUSD Long-Term Trend: Bullish with Bearish Correction (Daily Chart)
Key Levels

Resistance Levels: $30.000, $28.000
Support Levels: $25.900, $24.500
Despite this, the lower trend line may provide a challenging area for sellers to penetrate. Following a steady uptrend from the end of last quarter, AVAXUSD coin has shown consistent higher highs and higher lows. Currently the buyers have been largely in control until this recent dip.

Avalanche Price Forecast: AVAXUSD Outlook

Since August, Avalanche price has maintained a robust bullish trend, with prices reaching above the $30.000 significant level. However, the market is currently retracing, with buyers pulling back to the $26.170 area. Sellers have gained momentum in the short term, aiming to push prices further down to the $25.900 support level.

The Stochastic Oscillator is moving downward, while the Parabolic SAR Stop and Reverse indicator suggests a bearish reversal. The current trend indicates potential for continued bearish pressure, with sellers in motion on the short-term chart. If the lower trend line holds, it may serve as a strong support zone, potentially giving buyers an opportunity to regain control.

Should the market experience a bounce from this level, AVAXUSD price could attempt to retest the $28.000 resistance. In contrast, if sellers break below the $25.900 support, Avalanche may see further downside, with the next support near $24.500. Buyers will need to show a strong response to counter the bearish momentum if they aim to resume the previous uptrend.

AVAXUSD Medium-Term Trend: Short-Term Bearish (4-Hour Chart)

On the shorter timeframe, sellers are actively driving the price lower, with the Stochastic Oscillator still indicating a strong downward push. The Parabolic SAR Stop and Reverse indicator also supports this bearish outlook.
Nevertheless, the market could shift if buyers find support along the trend line. This may set the stage for a potential recovery. This will in turn inform the outcome of crypto signals.

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