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Avalanche price analysis: AVAX struggles at $111

AVAX

TL;DR Breakdown

  • Avalanche price analysis appears to be bullish.
  • The strongest resistance is present at $124.
  • The strongest support is available at $101.9.

Avalanche price analysis reveals the market is highly volatile, and over the past few days, has been kind to cryptocurrency. On January 1, 2022, the price went to $109 only to follow an up-trend to a maximum of $114; the next day, the price increased to $117, just shying away from $118. The price then moved downwards until it reached $113.8. On January 3, 2021, the price dropped further to $110, after which it gradually rose to $111, which is the current AVAX / USD value.

AVAX/USD 4-hour price analysis: Declining volatility and bearish opportunities

Avalanche price analysis indicates market volatility following a declining trend, which means that AVAX/USD prices are decreasingly prone to fluctuating volatility. The upper limit of the Bollinger band is at $118, which acts as the strongest resistance. The lower limit for the Bollinger band is available at $101, which serves as the strongest support.

The price of AVAX/USD appears to cross under the Moving Average curve, indicating a bearish move. The market was taken care of by the bulls a few days ago, but it seems the bears have finally returned, but they might not be able to maintain their control.

Avalanche price analysis: AVAX struggles at $111 1
AVAX/USD 4-hour price chart source: Trading view

The Relative Strength Index (RSI) is 50, which puts cryptocurrency at a stable level. The RSI line can be detected by following a straightforward, steady direction that may indicate future stability.

Avalanche price analysis for 1-day: AVAX/USD shows bullish momentum

Avalanche price analysis shows market volatility following a slowdown, indicating that the chances of AVAX/USD experiencing fluctuations have diminished. The upper limit of the Bollinger band is present at $124, which acts as the strongest resistance. The lower limit for the Bollinger band is present at $98, which serves as the strongest support.

The price of AVAX/USD appears to be crossing over the Moving Average curve, indicating a bullish move. The markets’ style may seem to be changing over the last few days. Bulls have taken the market, which puts the AVAX cryptocurrency in a very good position. Bears are trying to come back and are making opportunities for themselves, and only time will tell how this will unfold.

Avalanche price analysis: AVAX struggles at $111 2
AVAX/USD 1-day price chart source: Trading view

The Relative Strength Index (RSI) is 52, indicating a stable cryptocurrency. The price is not in the low price category or the over-bought category. The RSI line can be seen to follow a straight line that shows signs of falling to neither extreme.

Avalanche Price Analysis Conclusion: Bears are putting up a fight

The conclusion of the Avalanche price analysis indicates that the recognition made in the current cryptocurrency behavior suggests that it is following a rocky upwards trend with a good chance that the cryptocurrency may reach $114 soon. AVAX/USD is struggling at the $112 mark currently.

Chart analysis shows bullish momentum and potential for a bearish reversal soon, which is unlikely, but there is still a chance. It is predicted that Avalanche may quickly enter the $114 mark range, but this depends on support volatility; if current support fluctuates, we may see a drop in current prices as far as $100, but that is not a likely situation considering the recent recognition and market realities, the $114 goal is not a difficult one.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Narmin

Narmin

Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics.

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