CandleFocus Avalanche Bounces Back But Fails To Break Above The $33 Level
2024-11-11
Author: Content Editor
The price of Avalanche (AVAX) has rebounded after falling below the moving average lines. The altcoin rallied and rose to $33 but has remained below this high. However, if the current resistance level is broken, AVAX is expected to rise to $40 and potentially reach its previous high of $65. The moving average lines are currently horizontal, indicating a sideways trend. The support levels are $30 and $20, while the resistance levels are $60 and $70. The 4-hour chart shows the altcoin in an uptrend but stalling at the $33 level, with significant selling pressure indicated by the candle wick. However, there is strong buying pressure at the $30 level. It is important for readers to do their research before investing in AVAX or any other cryptocurrency.
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