The price of Avalanche (AVAX) has recovered above the moving average lines and reached a high of $28.85.
Avalanche price long-term analysis: bullish
The cryptocurrency was previously between the moving average lines at the bottom of the chart. The positive trend will continue if the price of the cryptocurrency rises and closes above the 50-day SMA support.
On the upside, AVAX will rally to the next barrier at $44. However, if the altcoin falls below the 50-day SMA support, it will return to the area above the $20 support. AVAX is currently worth $28.85.
Technical Indicators:
Analysis of the Avalanche indicator
On both charts, the price bars are above the moving average lines. Even though the price has recovered, the moving average lines remain horizontal on the weekly chart.
On the 4-hour chart, the moving average lines show an upward trend. The 21-day SMA is above the 50-day SMA, indicating an uptrend. A long candlestick wick pointing above the $30 level indicates selling pressure at a higher price level.
AVAX/USD weekly chart – September 11, 2025
What is the next direction for AVAX?
The price of AVAX is currently moving in the uptrend zone. The uptrend has paused at the $30 mark. The price of the cryptocurrency is currently oscillating above the moving average lines and below the resistance level of $30. The positive trend will resume as soon as the price breaks above the $30 mark. In the meantime, AVAX will continue its movement within the trading range at the bottom of the chart.
AVAX/USD 4-hours chart – September 11, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.