Avalanche's (AVAX), price is increasing after it has risen above the moving-average lines.

Long-term Avalanche Price Analysis: Bullish

The altcoin's bullish momentum is waning as it faces rejection from its high of $30 on September 27. AVAX is currently fluctuating between the moving average line and the $30 level. It has been rejected 3 times. AVAX will reach the next resistance level of $40 if it breaches the first barrier. AVAX is likely to fall if bears break beneath the moving averages. Altcoins will find their next support level at $24. AVAX's current value is $28.

Avalanche indicator analysis

AVAX gains as long as the price bars are above the moving-average lines. Moving average lines indicate an upward trend. The altcoin is trading sideways at $30, indicating that the uptrend has stopped. Doji candlesticks influence the price fluctuations.

Technical Indicators

Major resistance levels - $60 and $70.00

Major support levels - $30 and $ 20

What's the future direction of Avalanche?

AVAX's 4-hour chart shows an upward trend with higher highs. Since October 14, AVAX's ascending trend is now a sideways dip under the $30 resistance level. The price of the altcoin fluctuates between $27 to $30. As it consolidates, the altcoin price has moved above $27.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. 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.