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The Avalanche price prediction sees a 1.20% price increase over the past 24 hours of trading as the cryptocurrency touches the daily high at $21.5.
Avalanche Prediction Statistics Data:
- Avalanche price now – $20.9
- Avalanche market cap – $7.7 billion
- Avalanche circulating supply – 365.1 million
- Avalanche total supply – 433.1 million
- Avalanche CoinMarketCap ranking – #13
AVAX/USD Market
Key Levels:
Resistance levels: $27, $29, $31
Support levels: $16, $14, $12
AVAX/USD gained a 1.20% price rise over the past 24 hours of trading as the cryptocurrency bounced from the $20.56 to $21.57 resistance level. The Avalanche may face the upside as the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the bulls resuming back into the market.
Avalanche Price Prediction: Avalanche (AVAX) Could Spike Above $22 Level
The Avalanche price may need to rise above $22 if the buyers keep the price above the 9-day and 21-day moving averages. Meanwhile, traders may consider the market as bearish if the sellers take the market movement toward the lower boundary of the channel.
However, on the upside, the first level of resistance lies at $24, while the potential resistance levels lie at $27, $29, and $31. Moreover, if the sellers bring the price to the downside, traders may expect supports to be located at $16, $14, and $12.
AVAX/BTC May Head to the Upside
Against Bitcoin, the Avalanche price is hovering above the 9-day and 21-day moving averages. The Avalanche price is likely to head toward the upper boundary of the channel if the bulls increase the pressure. Meanwhile, from the above, the nearest resistance level is likely to touch 6500 SAT if the bulls push the coin near the upper boundary of the channel. Above this, higher resistance lies at 7000 SAT and above.
On the other hand, if the selling pressure creates a fresh low, lower support may be found at 4000 SAT and below. Therefore, the coin may also follow the sideways movement to give opportunity for more buyers to step into the market. The 9-MA remains above the 21-day MA, which shows that the market may be preparing for an uptrend.
Alternatives Avalanche
The Avalanche price may continue to consolidate itself in a flag formation, waiting for a cross above the upper boundary of the channel. However, the daily breakdown reveals that the AVAX price may drop to the support level of $20 before heading to the upside. Meanwhile, if this support level gets weak, a price breakdown may occur, and the bears could locate the support at $18.
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