Key Support levels: $95, $78
Key Resistance levels: $121, $147 (ATH)
AVAX touched the support at $78 before starting a significant rally after Circle announced AVAX as the next network on which USDC can transact. This news took the cryptocurrency above the resistance at $100 which now acts as support. The next key resistance is found at $121 and the all-time high is still some distance away at $147.
Trading Volume: Strong volume behind this most recent rally. This is bullish and there appears to be no weakness in the momentum at the time of this post. There is technical resistance at $121.
RSI: The daily RSI is moving higher and, at this rate, it can make a higher high soon. Considering it is at 56 points at the time of this post, AVAX has plenty of room to run before getting into overbought conditions.
MACD: The MACD on the daily completed a bullish crossover. This shows that the AVAX’s correction has ended and a new rally is in play.
The bias for AVAX is bullish. It’s important to keep a close eye on the next key resistance as the price may suffer a pullback once it’s there.
Short-Term Price Prediction for AVAX
AVAX’s strong fundamentals propelled the price higher in the past three days and this momentum might continue in the nearby future, provided that the broader market doesn’t tank. The indicators and fundamentals favor the bulls right now.
756870 187780I dugg some of you post as I thought they were handy very valuable 909712
688370 836533Watch the strategies presented continue reading to discover and just listen how to carry out this wonderful like you organize your company at the moment. educational 891729
303685 429636Extremely great written article. It is going to be useful to anybody who usess it, including myself. Keep up the very good function – canr wait to read more posts. 556929
460703 629272Deference to op , some superb entropy. 325826
805652 441547 There are some fascinating points in time in this post but I dont know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Very good article , thanks and we want more! Added to FeedBurner as effectively 333924
377735 373659Just added this blog to my favorites. I enjoy reading your blogs and hope you keep them coming! 786323
78919 247921I believe this web site contains extremely superb composed articles posts . 64309
712590 55451Discover out these pointers read on and learn to know how to submit an application performing this which you policy your corporation today. alertpay 560527