AVAX price is holding near triangle support, showing early bullish signals: RSI ~52 and Parabolic SAR below price, while TVL rose to $1.9B — suggesting momentum but with resistance near $24.8 that must be cleared for a sustained rally.
Triangle support intact; RSI and Parabolic SAR point to early bullish momentum.
TVL rose to $1.9 billion and DEX volumes increased, supporting on-chain demand.
Grayscale and VanEck ETF filings increase the probability of institutional inflows; $24.8 is a key resistance.
AVAX price analysis: Avalanche holds triangle support, RSI ~52 and Parabolic SAR bullish; TVL at $1.9B. Read technical and on-chain outlook and ETF impact.
What is the current AVAX price outlook?
AVAX price is consolidating near the lower boundary of a bullish symmetrical triangle, with short-term indicators signaling potential upside. RSI around 52 and Parabolic SAR markers below price suggest early bullish momentum, but the $24.8 resistance and recent market selling pressure remain key hurdles.
How is AVAX trading on the charts?
On the 4-hour chart, AVAX has been confined to a symmetrical triangle, a pattern often preceding strong directional moves. Price action is currently near triangle support, implying a favorable risk-reward for buyers if resistance is broken.
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The $24.8 zone has caused at least two pullbacks, acting as a near-term supply barrier. Fibonacci levels above current price may exert further downward pressure on initial breakouts, so traders should watch volume on any move above resistance.
The Parabolic SAR shows dotted markers below the price, a classical early-rally signal. Continued dotted markers below price would reinforce bullish pressure and suggest trend continuation.
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Source: https://en.coinotag.com/avax-could-rally-as-technical-indicators-strengthen-and-tvl-rises-etf-filing-may-spur-institutional-inflows/