The weekly chart of AVAX displays a strong presence of the bulls as they have defended the lower crucial support below $10. Moreover, the latest rebound from a strong trend reversal zone around $15 has validated the presence of bulls. Interestingly, the price is consolidating along the neckline of the double-bottom pattern while a similar pattern is in making, if it breaks the pivotal resistance at $22.67, which could occur anytime from now. Meanwhile, the MACD is about to undergo a bullish crossover, substanting bullish claim.
Resistance 1: $25
Resistance 2: $40
Resistance 3: $50
Final Threshold: $60
After securing $60, the AVAX price may initiate a fresh upswing above the 3-digit figure.
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Resistance 1: $25
Resistance 2: $40
Resistance 3: $50
Final Threshold: $60
After securing $60, the AVAX price may initiate a fresh upswing above the 3-digit figure.
For more updates, follow Coinpedia.org!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.