AVAXUSD Price Forecast: Avalanche Loses Momentum as Buyers Attempt Another Push

Avalanche Price Forecast: July 11th

The Avalanche price forecast shows AVAXUSD trading below the $27.460 significant level as buyers struggle to break through the resistance despite showing renewed interest.

AVAXUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels

Resistance Levels: $33.000, $37.000
Support Levels: $27.000, $21.860
Avalanche has lost some of its recent momentum as buyers make another attempt to push the price higher. The cryptocurrency is currently trading below the $27.460 significant level, with buyers eyeing an expansion. It has been a struggle for both buyers and sellers below this price range as the pressure persists.

Avalanche Price Forecast: AVAXUSD Outlook

Earlier this month, sellers made an effort to break through the $27.600 key level from the $30.000 price level. From the $30.000 significant zone, buyers were seen to have backed off, giving sellers the advantage of pulling the price lower.

Sellers have since dumped the price down to the $21.860 key area. However, buyers then picked up the price but were only able to trade near the $27.000 market area. Currently, it is a struggle for dominance, with buyers showing interest in pushing through the $27.460 market area.

The Bollinger Band indicator shows a compression, and an expansion may be imminent. Once the RSI (Relative Strength Index) crosses through the mid-area, Avalanche (AVAXUSD) can find an opportunity to push the price further.

AVAXUSD Medium Term Trend: Bullish (4-Hour Chart)

In the shorter-term timeframe, the bulls are on the rise, but the Bollinger Bands remain narrow. Buyers need to remain confident to make a strong statement. The RSI needs to reflect buy-side strength in order to see a bullish expansion. More confidence from buyers can push them through the $27.460 key area.
However, the current market dynamics suggest that buyers are still struggling to regain their footing and establish sustained upward momentum. Monitoring crypto signals can be beneficial for traders aiming to capitalize on these market movements and potential bullish trends in Avalanche.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.