From December 20, 2024, the price of an avalanche (AVAX) is constantly moving from 32 to 45 dollars. The price movement is consistent, since the ranges of oscillations remain untouched.
Avalanche price long -term analysis: vibration range
Traiders buy on a failure and sold at rallies. On January 19, Avax fell below the 21-day SMA and reached a minimum of $ 35. Bears are trying to break the current support level of $ 35. If the pressure on the sale continues, Altcoin will drop to $ 32.
However, if current support is preserved, the bulls will be bought by failure. From December 20, 2024, current support is maintained because Altcoin maintains its range. AVAX costs $ 35.01 at the time of writing.
Analysis of the avalanche indicator
On January 19, the price rods fell below the lines of the sliding medium. The pulse is going to break through the existing support of $ 35. The sliding medium lines remain horizontal, with a bull crossover. The pressure of the sale has decreased, and Altcoin continues to move sideways.
Technical indicators:
Key resistance resistance levels – 60 and 70 US dollars
Key support levels – 30 and 20 US dollars
What is the direction for the avalanche?
AVAX is in a descending trend on a 4-hour graph of January 19, trying to break through the level of support of $ 35. The sliding medium lines put the brakes on the upward trend. There are still extended tails of the candlestick moving to the support of $ 35, which offers significant pressure on the purchase at a recent minimum.
Refusal of responsibility. This analysis and forecast are the personal opinion of the author. They are not a recommendation to buy or sell cryptocurrency and should not be considered as approval of Coinidol.com. Readers must conduct a study before investing in the funds.
