Avalanche price analysis: AVAX coin pullback from the support region $ 35

  • The Avalanche coin rises approximately 16.7% during the intraday trading session.
  • The 24-hour trading volume is $ 1,197 billion.
  • The AVAX / BTC pair is also trading positive at 0.00091544 BTC, up 16.5%.

The technical daily chart and the avalanche coin price show an upward trend. Based on the pivot level is the initial support level 15 USD. From another perspective, as it accelerates, the level of resistance to watch is 60 USD. Although the chart produced a bullish harami pattern during the day, an uptrend is expected with medium reliability.

The Ichimoku Cloud consists of Lead-1 and Lead-2, and the shift value is 1. It acts as a pivot level and leading indicator for changes in asset prices. Investors can see that the price breaks above the Red Moku Cloud and is now trading above the Green Moku Cloud, so the cost is above the Green Moku Cloud, which ensures the positive trend of AVAX.

Trading volume (5,383 million) is below the 20-day moving average (8,666 million). In short, the moderate volume of transactions caused the price to rebound out of the pivot zone. Investors may also notice that the volume bar on the chart is rising, indicating that surprising volatility is expected in the next few trading days.

The Schaff trend cycle indicator (bearish) with a 7 represents a sell-signal in the coin that projects a downward trend. In addition, investors can see a green buy signal and a downward trend in the index.

Avalanche coin prepares for a new all-time high

The current Avalanche price is $ 42.43 and the 24-hour trading volume is $ 1,197,959,808. AVAX’s price is up 16.7% in the past 24 hours. It has 220 million AVAX coins and a total inventory of 378 million. The STC indicator is showing a sell sign and traders have resulted in moderate volume. Technically, the price is around the pivot zones and continues in an upward trend. Accordingly, as with the overall market view, the trend remains bullish for the coming trading sessions.

Resistance Level: $ 60

Support level: $ 15

Comments are closed.