The price of Avalanche (AVAX) recently experienced a bullish momentum, reaching a high of $55 before faltering. If buyers can break above the $55 resistance level, the market could reach $70, but if the altcoin falls, it will return to the $40 to $55 range. AVAX is currently valued at $51. On the daily chart, AVAX is fluctuating below the recent high but above moving average lines, indicating an upward trend. However, on the 4-hour chart, AVAX is trading within a narrow range between $50 (support) and $55 (resistance), with uncertain market sentiment. Resistance levels are at $60 and $70, while support levels are at $30 and $20.
- Content Editor ( coinidol.com )
- 2024-12-08
Avalanche Is In A Range As Traders Are Uncertain About The Next Move