Avalanche Price Prediction for Today, December 7 – AVAX Technical Analysis

The Avalanche price prediction is moving with an uptrend, and the traders could expect an early arrival of a price rally.

Avalanche Prediction Statistics Data:

• Avalanche price now – $25.9
• Avalanche market cap – $10 billion
• Avalanche circulating supply – 365.6 million
• Avalanche total supply – 433.6 million
• Avalanche CoinMarketCap ranking – #10

AVAX/USD Market

Key Levels:

Resistance levels: $32, $34, $36

Support levels: $20, $18, $16

AVAX/USD is currently dealing with the bulls as the coin remains above the 9-day and 21-day moving averages. The Avalanche price has always sought to increase despite the pressure of the market. However, the crypto market is heading toward the upside, and the coin is likely to touch the resistance level of $27. The period after this one should be flourishing.

Avalanche Price Prediction: AVAX Could Gain More Upwards

As of the current daily chart, the Avalanche price is resiliently maintaining its position at $25.9. However, should the $24 support undergo testing, there is a likelihood of the coin experiencing a downward break. Should AVAX/USD breach this level, traders may anticipate a subsequent descent below it, potentially probing critical support thresholds at $20, $18, and $16.

As of now, the price hovers around $25.99, driven by robust bullish momentum, complemented by moderately positive technical indicators. The resistance levels are identified at $32, $34, and $36, with the 9-day Moving Average (MA) persisting above the 21-day MA, amplifying the bullish trend.

AVAX/BTC Breaks to the Upside

Against Bitcoin, the Avalanche price has been grinding higher and the market price is likely to cross above the upper boundary of the channel. The Avalanche price is now contained within the channel as traders wait for the bulls to hopefully push the market higher while the 9-day moving average may need to cross above the 21-day moving average.

Moreover, if the bulls can break out above the channel, traders can expect initial resistance at 7000 SAT. Above this, higher resistance could be located at 7500 SAT and above. From below, if the sellers bring the market beneath the lower boundary of the channel, traders can expect critical support at 4200 SAT and below.

Avalanche Alternatives

The Avalanche price may continue to move bullishly, waiting for a cross above the upper boundary of the channel. However, the daily breakout reveals that the AVAX price may rise to the resistance level of $30 before creating additional gains. Meanwhile, if this support level gets weak, a price breakdown may occur, and the bears could locate the support at $22.

In this regard, the Bitcoin Minetrix is presently amid its initial coin offering, positioned to surpass the well-established Avalanche (AVAX) in yielding significant profits. With a presale that has already garnered over $4.9 million, investors are poised to witness a remarkable 10X price surge upon the token’s listing on exchanges in the upcoming months. Seize the opportunity now, acquire BTCMTX tokens, and pave your path to financial liberation.