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According to the latest report by CryptoGuestPosts, Avalanche's (AVAX), price has stopped falling after reaching a low point of $33 in December 2024.
Bulls have bought dips, and created a range that is above the $34 level of support but below moving average lines. The price has remained steady over the past three weeks. AVAX's uptrend will resume if buyers push price above moving average lines, and $44 level. AVAX will increase and reach its previous high level of $55.
The bulls, however, are still defending the current support of $34. AVAX could fall as low as 30 dollars if this support level is broken. AVAX's range will remain unchanged if the resistance and support levels do not change.
Since January 9, 2025 the price bars are below the moving average line. As doji candles appear in the zone of downtrend, there is no price movement. Moving average lines indicate a sideways movement.
Key Resistance Levels - $60 and $70.00
Support levels $30 and $20
AVAX has fallen below the moving-average lines on the 4-hour chart. Altcoins are trading within a small range between $34 and $38. AVAX has corrected upwards since rising above the moving average line of 21 days. AVAX is currently between moving average lines. This suggests that AVAX may remain range-bound for a few days.
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.
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