Avalanche Price Prediction: AVAX Experiences 11% Uptick While New Crypto Waits In The Wings Ready To Ignite

Updated: 26 October 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Avalanche price surged 9% in the past 24 hours to trade at $11.26 as of 6:57am EST and the bulls continue to show unwavering strength.

After a week that’s seen it soar 27% amid heightened volatility, AVAX has broken through a crucial resistance level at $11.21.

Data from CoinGecko.com reveals a substantial 24% increase in AVAX’s trading volume for the day, reaching $359 million.

AVAX Price Chart — AVAXUSD Price Chart by Tradingview.com

Avalanche price is currently moving in a downward channel, which suggests the possibility of a transition to an upward trend. This is a good opportunity for investors, especially after a sustained consolidation.

AVAX has made a price recovery from the support level of $8.75, corresponding to the descending channel’s lower boundary. Could the Bulls be gaining control? Maybe. Because the breakout could encourage the bulls to push prices upward. Consequently, this will affirm a bullish trend in the coming weeks and throughout the fourth quarter of 2023.

Avalanche Price Signals Bullish Momentum

The relative strength index (RSI), which has bounced back and is near the overbought territory at a current value of 69, reinforces the bullish sentiment. A notable signal of a surge in buying pressure.

AVAX’s price has surpassed the 50-day moving average. However, it has not reached the 200-day moving average, positioned above the current price. AVAX will probably experience a price pullback with a $13.2 target.

While the 50-day moving average currently supports AVAX’s price, the bulls must maintain a position above this level to sustain the upward momentum.

Should the bullish momentum continue, assuming that the bulls could propel the price toward the resistance levels at $12.83 and $14.22 is reasonable.

Conversely, if bears gain an edge, they could find support from the 200-day simple moving average, potentially resulting in a retest of the upper boundary of the wedge pattern. The bulls may seek support around the $9.15 area in such a situation.

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With only five days left, the team hopes to reach a pre-sale target of $2.5 million. A major reason to invest in TG.Casino is that it delivers a secure and legitimate gambling experience. Another reason is the promise of potential price surges.

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Crypto News YouTube channel with over 5,000 subscribers reviewed TG.Casino, dubbing it the “ultimate telegram betting platform.”

How to Buy $TGC Tokens

For the presale purchase, visit TG.Casino’s official website. But after the presale, you can buy tokens from the official website or a Decentralized Exchange (DEX).

During the presale, access the official presale portal on TG. Casino’s website. Then, choose your payment method, either Ethereum (ETH) or Tether (USDT) on the Ethereum network or Binance Smart Chain with BNB or USDT. Next, link your crypto wallet to the platform if it’s disconnected.

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Specify the number of $TGC tokens you want. The minimum quantity is 100 TGC tokens. Finally, click “Approve” to verify the transaction on the blockchain.

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