‎AVAXUSD Anticipates Further Bullish Momentum At The Trendline Support

‎AVAXUSD Market Analysis – October 3

‎Avalanche (AVAXUSD) has shifted into a strong bullish phase after breaking away from prolonged bearish pressure, with current indicators favoring further gains as long as trendline support holds.

‎AVAXUSD Key Levels

‎Support Levels: $27.40, $20.20
‎Resistance Levels: $35.70, $44.60

‎AVAXUSD Long-Term Trend: Bullish

‎From the first quarter of 2025 until April, Avalanche endured a significant bearish run that weighed heavily on market sentiment. This downward momentum, however, eventually produced a failed low pattern that marked the beginning of a bullish reversal, changing the market’s overall structure.
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‎Since July 2025, the market has consistently formed higher highs, confirming the strength of the bullish recovery. Although the Relative Strength Index (RSI) briefly entered the overbought zone in late July, suggesting potential exhaustion, buyers quickly reasserted dominance and drove price action upward toward key supply zones.
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‎Importantly, the bullish trendline has remained a reliable area of support throughout the rally. With price now testing this trendline and steadily advancing above the daily moving average, bullish momentum appears reinforced, signaling further upside potential in the coming weeks.

‎AVAXUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, Avalanche continues to reflect the broader bullish sentiment, though momentum has temporarily slowed as the RSI edges closer to the overbought region. This implies that price may move higher at a more measured pace, rather than in sharp impulsive swings.
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‎A corrective dip into oversold territory would likely provide buyers with renewed entry opportunities. Once this occurs, the formation of strong bullish candles is anticipated, pushing price toward trendline resistance and extending the medium-term bullish outlook.‎

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