- Avalanche price analysis is bullish for today.
- AVAX/USD retraced and found support at $68.5 yesterday.
- Bulls started to push AVAX higher today again despite increasing seller pressure
The market has established a new higher low and is beginning to move back toward its all-time high, indicating that the Avalanche price analysis is bullish for the time being. As a result, we anticipate AXA/USD to make further gains over the next 24 hours, perhaps reaching past $75. All-Time Highs
Over the past 24 hours, the market as a whole has been in the red. Bitcoin has fallen by 4.0%, while Ethereum has lost 6.1%. Meanwhile, Cardano (ADA) is one of the worst performers, with a loss of almost 8%.
Avalanche price movement in the last 24 hours: Avalanche sets lower low at $60
On April 2, AVX/USD fluctuated within a range of $61.55 – $70.67 over the previous 24 hours, suggesting significant volatility. The bands are expanding to suggest chances of an increase in volatility over the next 24-hours.
AVAX/USD 4-hour chart: AVAX set to test the previous high today?
We can see bulls taking control of the Avalanche price action on the 4-hour chart, suggesting we may see further rises today. The AVAX/USD 4-hour chart.
The price of the coin is trading with a lot of bullish momentum right now. Bulls began to push the market higher after establishing a new major swing low around $33 on September 7th.
AVAX broke the previous all-time high of $59 and peaked at around $65 last weekend. After retracing to $50, the Avalanche price movement accelerated toward new heights on Wednesday.
On the 18th of September, the new all-time high was finally achieved at $75. This price action development was followed by a little retracement late yesterday. Bulls, on the other hand, began pushing AVAX/USD higher earlier today, possibly suggesting further gains over the next 24 hours.
Avalanche Price Analysis: Conclusion
Today’s Bitcoin price analysis is bullish, as a new higher low was established throughout the previous 24 hours, and the trend has resumed today. As a result, we anticipate AVAX/USD to try and break its prior high later today.
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 decision