Avalanche Prediction for 12th August: AVAX/USD Adds 2.5% In Value

Avalanche price is in a bullish move as the coin heads up towards the $30 resistance level.

Ethereum Statistic Data
AVAX/USD price now – $29.05 million
AVAX/USD market cap – $8.5 million
AVAX/USD circulating supply -$285 million
AVAX/USD total supply – $404 million
AVAX/USD coin market ranking – #12

Key Levels
Resistance: $21.706, $25.0145, $30.000
Support: $27.1415, $23.124, $20.7605

Avalanche Price Prediction: AVAX/USD Price soon to break $30 resistance level

The daily chart outlook of Avalanche shows the price actions well above the 9-day and 21-day moving average. This is an indication of a bullish market movement. The cryptocurrency is approaching the $30 resistance level. For AVAX to achieve this, more buyers are needed. However, on the 4-hour chart, the market’s bullish movement is not so strong. The RSI on the 4-hour chart is measured at 43%, But on the daily chart, the measurement of the curve is in the overbought region. This is a signal that a trend reversal might take place.

Avalanche  Daily Chart

Trading indicators of in the AVAX/BTC chart also show a bullish market momentum as price action at $0.0012022 is well above the 9-day and the 21-day moving averages. MACD also confirms the upside move as its histogram shows a difference of 0.0000127 between the MACD curve and the Signal Line.

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