The Avalanche (AVAX) may shoot to the upside as the bulls prepare to take the coin to higher levels above the channel.
Avalanche Prediction Statistics Data:
- Avalanche price now – $25.72
- Avalanche market cap – $7.3 billion
- Avalanche circulating supply – 284.9 million
- Avalanche total supply – 404.2 million
- Avalanche Coinmarketcap ranking – #13
AVAX/USD Market
Key Levels:
Resistance levels: $35, $40, $45
Support levels: $20, $15, $10
Your capital is at risk
AVAX/USD is trading above $25 as the coin trades near the 9-day and 21-day moving averages to touch the resistance level of $26. The Avalanche may continue to move upwards if the price crosses above the 9-day and 21-day moving averages. Meanwhile, AVAX/USD could reach the resistance level of $30 if the bulls focus on the upward trend.
AVAX Gets Ready for a Spike as Tamadoge (TAMA) Stables at the Upside
Avalanche (AVAX) may remain on the positive side should the 9-day moving average stays above the 21-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) is also confirming the bullish movement as the signal line remains above the 50-level. Therefore, there is a higher chance that the coin may find the potential resistance levels at $35, $40, and $45.
On the contrary, if the coin slides and faces the lower boundary of the channel, any bearish movement below this barrier may bring the coin to reach the critical supports at $20, $15, and $10 respectively.
Against Bitcoin, the Avalanche is likely to head to the upside as the coin may push the coin above the 9-day and 21-day moving averages. Therefore, if the bullish movement continues, the next level of resistance may surface, and this may cause AVAX/BTC to locate the key resistance at 1350 SAT and above.
Meanwhile, on the downside, the Avalanche price could face support at 1000 SAT. Beneath this, the critical support level could be located at 900 SAT and below. At the moment, the 9-day MA remains above the 21-day MA as the technical indicator Relative Strength Index (14) moves around 50-level to increase the bullish movement. Meanwhile, if the signal retreats below the 50-level, traders are likely to expect bearish pressure below the channel.
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Source: https://insidebitcoins.com/news/avalanche-avax-trades-above-25-level-tamadoge-moves-bullishly