Published: Dec 08, 2025 at 14:45
Updated: Dec 08, 2025 at 15:53
Avalanche (AVAX) has halted its decline above the $12 support level since November 21.
Avalanche price long-term analysis: ranging
The price movement has remained steady over the past two weeks, with the formation of Doji candlesticks. The cryptocurrency has been oscillating above the $12 support but below the 21-day SMA.
Neither the bulls nor the bears have moved the price beyond its range-bound levels. However, the altcoin would decline to $9.65, the October 10 price level, if the bears breach the $12 support.
Conversely, AVAX will resume its bullish ascent if it crosses the 21-day SMA and maintains positive momentum. The altcoin could then surge to a high of $16.50, or the 50-day SMA barrier. Subsequently, bullish momentum may build to a high of $25. At the time of writing, AVAX is at $13.40.
Avalanche price indicator analysis
The 21-day and 50-day SMAs are trending downward towards the bottom of the chart. The 21-day SMA is acting as a resistance, pushing back the price bars. On the 4-hour chart, the moving average lines are horizontal, and the price fluctuates above and below them.
What is the next direction for Avalanche?
AVAX’s price has stalled above the $12.50 support level and continues its sideways movement. The cryptocurrency dropped below the moving average lines, reaching a low of $13.39. AVAX will fall further if the bears break through the current support at $12.50. The price action is marked by Doji candlesticks, which propel the altcoin into a range-bound movement.
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.