Since December 20, 2024, the price of Avalanche has fluctuated between $32 and $45. Price fluctuation is constant as long as the ranges of fluctuations remain unchanged.

Price analysis of Avalanche over the long-term: fluctuations range

Traders sell when the market is rising and buy at a dip. AVAX hit a low price of $35 on January 19. The bears try to break through the current support of $35. If the selling pressure persists, the altcoin could fall to $32.

If the current support is maintained, bulls are likely to buy at dips. The current support has been holding since December 20, 2024 as the altcoin maintained its range. AVAX was worth $35.01 when this article was written.

Avalanche Indicator Analysis

On January 19, the price bars dropped below the moving-average lines. The downward momentum will soon break through the current support of $35. Moving average lines are horizontal with a bullish cross-over. The altcoin is still moving sideways despite the easing of selling pressure.

Technical indicators

Key Resistance Levels - $60 and $70.00

Support levels $30 and $20

What's the future direction of Avalanche?

AVAX is in a downward trend on the 4-hour chart. It has been trying to break the $35 level of support since January 19. Moving average lines have slowed down the upward trend. Candlesticks are still extending towards the support of $35, indicating significant buying pressure.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.