#AVAX has a good potential to grow up to the previous peak. Of course, there is a resistance ahead that he may be able to easily overcome.
#AVAX movement between a strong area of support and resistance.Currently, the price has reached the resistance level of 13.77 $ - 14.86 $. By hitting the resistance line, the downward trend decreased.This is a no-trade zone unless the price declines to the main point of interest.
The price of #AVAX after reaching the support level of $25 - $28, started to grow again and has formed an ascending channel in the 4-hour TF . According to the strong bullish candles that have been formed, the first price target is $56.
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#Avalanche price moves in a descending channel, and after reaching the ceiling of the channel, it could not break it and started to decrease again. If the price turns down sharply from the current level, it will suggest that the bears remain in command. The #AVAX/USDT pair could slump toward the $32 to $27 support zone.
Instead, if bulls push the price above $42, it will suggest the start of a sustained recovery.
Instead, if bulls push the price above $42, it will suggest the start of a sustained recovery.
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The price of #AVAX 🔺 has broken out of an ascending triangle pattern and retested the dynamic resistance and is now ready to move according to the pattern.
Carefully in the recent movements, the price has broken the downward resistance in the higher time frame, and the signs of the rise are clear in the chart.
If the price can maintain the movement and reach above $37.00, we can expect a huge movement and strong growth.
But if the price reaches below the level of 34.5 dollars, it can lead to a significant decrease in the price and reduce it to the main support level of $32.40-$29.30 .
Carefully in the recent movements, the price has broken the downward resistance in the higher time frame, and the signs of the rise are clear in the chart.
If the price can maintain the movement and reach above $37.00, we can expect a huge movement and strong growth.
But if the price reaches below the level of 34.5 dollars, it can lead to a significant decrease in the price and reduce it to the main support level of $32.40-$29.30 .
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#AVAX is moving in a wedge pattern on the daily time frame.
The price is in a sensitive position, and if it can still trade above the level of $23.30 - $21.70 and pass the dynamic resistance, it can return to $49.50 .
If the current level is broken and the price trades below $21.70, the trend will change, and there is a possibility that the price will further fall to the next demand level.
The price is in a sensitive position, and if it can still trade above the level of $23.30 - $21.70 and pass the dynamic resistance, it can return to $49.50 .
If the current level is broken and the price trades below $21.70, the trend will change, and there is a possibility that the price will further fall to the next demand level.
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For this rally to gather real momentum, #AVAX must clear the minor resistance at $30.00. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance .
A break below $18.8 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term.
A break below $18.8 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term.
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