CandleFocus

Avalanche Returns To Its Range And Reaches $30 High

The cryptocurrency Avalanche (AVAX) reached its price target of $30.90 on September 17, but buyers have struggled to sustain the positive momentum above this level. AVAX has fallen below the moving average lines multiple times, indicating a potential return of selling pressure. However, if AVAX breaks above the $30 resistance, it could regain its bullish momentum. Currently trading at $28.16, AVAX is finding support above $27 and could fall to its previous low of $21 if bears break the moving average lines. On the upside, AVAX could reach $45 if it breaks above the $28 resistance and moving average lines.

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