CandleFocus Avalanche Recovers And Rises Above $50 Again
2024-12-15
Author: Content Editor
The price of Avalanche (AVAX) has recovered above the 21-day SMA support and is currently trading above the $40 support level and below the $55 resistance level. If the price breaks above $55, it could reach its previous high of $65. On the other hand, if the altcoin loses the 21-day SMA, its value could decline and fall towards the 50-day SMA or the low of $37. The altcoin is currently trading at $52. The moving average lines are trending upwards despite the recent decline. On the 4-hour chart, AVAX is trading between the $0.40 support and the $0.55 resistance, with doji candlesticks slowing down the price action.
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