{"id":32677,"date":"2023-11-17T05:52:38","date_gmt":"2023-11-17T09:52:38","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=32677"},"modified":"2023-11-17T05:52:38","modified_gmt":"2023-11-17T09:52:38","slug":"avax-price-prediction-avalanche-bulls-are-just-getting-started","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/17\/avax-price-prediction-avalanche-bulls-are-just-getting-started\/","title":{"rendered":"AVAX Price Prediction: Avalanche Bulls Are Just Getting Started"},"content":{"rendered":"

AVAX price rallied over 50% and climbed above $22.50. The price might correct lower but there could be more upsides above $25.<\/em><\/p>\n

AVAX price is showing a few positive signs above the $20 level against the US dollar.
\nThe price is trading above $22 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX\/USD pair (data source from Kraken).
\nThe pair could continue to rise if there is a clear move above the $24.50 and $25.00 resistance levels.<\/p>\n

AVAX Price Doubles In Value In Few Days<\/h2>\n

After forming a base above the $10.00 level, Avalanche\u2019s AVAX started a major rally, outperforming Bitcoin<\/a> and Ethereum<\/a>. There was a clear move above the $15 and $20 resistance levels.<\/p>\n

The price gained over 50% in the past few days and even cleared the $22.50 resistance. A new multi-week high was formed near $24.70 and the price is now consolidating gains. There was a minor decline below the $22.50 level.<\/p>\n

The price declined below the 23.6% Fib retracement level of the upward move from the $15.59 swing low to the $24.70 high. However, the bulls were active above $20.00.<\/p>\n

AVAX price is now trading above $22.00 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX\/USD pair. On the upside, an immediate resistance is near the $24.50 zone.<\/p>\n

<\/a><\/p>\n

Source: AVAXUSD on TradingView.com<\/a><\/p>\n

The next major resistance is forming near the $25.00 zone. If there is an upside break above the $24.50 and $25.00 levels, the price could surge over 20%. In the stated case, the price could rise steadily towards the $30 level.<\/p>\n

Dips Limited in Avalanche?<\/h2>\n

If AVAX price fails to continue higher above the $24.50 or $25.00 levels, it could start a downside correction. Immediate support on the downside is near the $22.50 level.<\/p>\n

The main support is near the $20.50 zone. A downside break below the $20.50 level could open the doors for a fresh decline towards $18. The next major support is near the $15.50 level.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $22.50 and $20.50.<\/p>\n

Major Resistance Levels \u2013 $24.50, $25.00, and $30.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

AVAX price rallied over 50% and climbed above $22.50. The price might correct lower but there could be more upsides above $25.<\/em><\/p>\n

AVAX price is showing a few positive signs above the $20 level against the US dollar.
\nThe price is trading above $22 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX\/USD pair (data source from Kraken).
\nThe pair could continue to rise if there is a clear move above the $24.50 and $25.00 resistance levels.<\/p>\n

AVAX Price Doubles In Value In Few Days<\/h2>\n

After forming a base above the $10.00 level, Avalanche\u2019s AVAX started a major rally, outperforming Bitcoin<\/a> and Ethereum<\/a>. There was a clear move above the $15 and $20 resistance levels.<\/p>\n

The price gained over 50% in the past few days and even cleared the $22.50 resistance. A new multi-week high was formed near $24.70 and the price is now consolidating gains. There was a minor decline below the $22.50 level.<\/p>\n

The price declined below the 23.6% Fib retracement level of the upward move from the $15.59 swing low to the $24.70 high. However, the bulls were active above $20.00.<\/p>\n

AVAX price is now trading above $22.00 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX\/USD pair. On the upside, an immediate resistance is near the $24.50 zone.<\/p>\n

<\/a><\/p>\n

Source: AVAXUSD on TradingView.com<\/a><\/p>\n

The next major resistance is forming near the $25.00 zone. If there is an upside break above the $24.50 and $25.00 levels, the price could surge over 20%. In the stated case, the price could rise steadily towards the $30 level.<\/p>\n

Dips Limited in Avalanche?<\/h2>\n

If AVAX price fails to continue higher above the $24.50 or $25.00 levels, it could start a downside correction. Immediate support on the downside is near the $22.50 level.<\/p>\n

The main support is near the $20.50 zone. A downside break below the $20.50 level could open the doors for a fresh decline towards $18. The next major support is near the $15.50 level.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for AVAX\/USD is gaining momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for AVAX\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $22.50 and $20.50.<\/p>\n

Major Resistance Levels \u2013 $24.50, $25.00, and $30.00.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-32677","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=32677"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32677\/revisions"}],"predecessor-version":[{"id":32687,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32677\/revisions\/32687"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=32677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=32677"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=32677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}