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- 1 Avalanche price prediction showcases the upward momentum of AVAX crypto over the daily time frame chart.
- 2 AVAX crypto is trading above 20, and 50-EMAs to reach the 100 and 200-days daily moving averages.
- 3 Avalanche cryptocurrency lost 9.83% year to date.
Avalanche price prediction highlights that AVAX crypto is heading for the primary resistance level $10.15. Buyers are trying to push AVAX towards the $10.15 resistance to register its breakout. However, sellers’ may approach the trade to initiate the selloffs. AVAX crypto needs to maintain the accumulation rate of buyers in order to surge out of the primary resistance. The cryptocurrency had an interesting roller coaster ride before falling below the $10.15 level.
Avalanche crypto needs to sustain the accumulation rate of buyers during the day’s trading session to push AVAX out of the resistance. AVAX needs better buying volume to rise.
Avalanche price was at $9.85 and gained 2.18% of its market capitalization intraday. Trading volume went up 47% during the intraday trading session. This demonstrates that buyers are present in the trade to push AVAX upwards. Volume to market cap ratio was at 6.16%.
Will AVAX Crypto Reach $11.85 Mark?
Avalanche price prediction indicates the upside trend of AVAX crypto over the daily time frame chart. AVAX needs more buyers in order to register its breakout from the $10.15 resistance. However, volume change is below average and needs to grow intraday. Meanwhile, AVAX crypto is trading above 20, and 50-EMAs to reach the 100 and 200-days daily moving averages.
Avalanche crypto price must break out of the $10.15 primary resistance to surge towards the $11.85 mark. If AVAX crypto sustains above the $10.15 mark, then it may continue the surge towards the $11.85.
Avalanche crypto gained around 7.44% in a week and 11.21% in a month. However, AVAX slipped around 27.53% in the last three months and 42.00% in the last six months. In addition, AVAX crypto price slumped by 9.83% year to date.
The relative strength index (RSI) suggests AVAX crypto is in an uptrend. RSI was at 56 and is heading towards the overbought territory. Investors in Avalanche cryptocurrency need to wait until AVAX crypto sustains at the $10.15 resistance.
Summary
Avalanche price prediction indicates the upside trend of AVAX crypto towards the primary resistance level $10.15. Volume change can be seen below average and needs to grow to push AVAX upwards. AVAX needs more buyers in order to register its breakout from the $10.15 resistance. If AVAX crypto sustains above the $10.15 mark then it may continue the surge towards the $11.85. Technical indicators suggest AVAX crypto is moving with positive momentum.
Technical Levels
Support Levels: $9.50 and $9.40
Resistance Levels: $10.15 and $10.75
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
