Avalanche Price Prediction for June 3: AVE May Consolidate Below the $30 Price Level ByAzeez MustaphaPRO INVESTOR Updated: 04 June 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The Avalanche price prediction may set a bearish run as the RSI Indicator is about to cross while still below the level 40. This crossing might result in a downtrend.Avalanche Price Prediction Statistics:Avalanche’s current price: $22.98Market Cap: $6.4 billionCirculating Supply: 280.8 millionTotal Supply: 04.2 millionRank: 15Key Levels:Resistance Levels: $69.15, $32.08, $29.10Support Levels: $55.08, $22.49, $21.22AVE/USD is sliding downwards towards the 22.77 price level at the time of writing. Ever since April, the crypto has been recording losses, as the price channel is a downward sloping channel. AVE may continue within the price channel if the 9 and 21 Moving average should cross above the price action.Avalanche Price Prediction: Avalanche Not Ready for an UptrendOn a 1-Day chart, the Avalanche price is gliding around $22.77 at the time of writing. The crossing of the price action below the 9-days moving average could constrain the price action within the price channel. It is possible that traders will not experience an uptrend unless the RSI crosses above the level of 40. Looking at the daily chart RSI, we can see that it is about to cross each other, meaning that the price will fall lower. As it stands, the Avalanche price action may find another resistance at $22.77 and lower. Buy Avalanche NowConclusionIt is possible that the Price action moves sideways for a while. However, if the price action should move towards the lower channel, this may bring the coin to the long term support levels of $55.08, $22.49, and $21.22. eToro - Our Recommended Trading Platform Our Rating CySEC, FCA & ASIC regulated - Trusted by Millions of Users Trade Crypto, Forex, Commodities, Stocks, Forex, ETFs Free Demo Account Deposit via Debit or Credit card, Bank wire, Paypal, Skrill, Neteller Copytrade Winning Traders - 83.7% Average Yearly Profit Open Free Demo Account 68% of retail investor accounts lose money when trading CFDs with this provider. Join Our Telegram channel to stay up to date on breaking news coverage