Avalanche (AVAX/USD) Market Shows Potential Bullish Reversal From Order Block
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Avalanche Price Prediction – September 17
AVAX/USD market shows potential bullish reversal from order block. The presence of the bullish order block at the $21.840 major support level further strengthens the likelihood of the reversal.
The 9-period Simple Moving Average (SMA) is currently at $24.100, showing that the price is below this level, indicating a slight bearish trend. However, the Relative Strength Index (RSI) at 51.77 hints at neutral momentum, suggesting neither overbought nor oversold conditions, which could mean a potential shift is coming soon.
AVAX/USD Market Key Levels
Resistance: $27.210, $33.020, $41.780
Support: $21.840, $15.570, $11.860
AVAX/USD – Daily Chart
The daily chart for AVAXUSD market shows that a potential bullish reversal is impending.
Price action indicates that AVAXUSD is declining into a support zone at $21.840, identified as a bullish order block (OB). This move aligns with the market structure shift (MSS) expected around $28.000.
The downward trendline has been touched multiple times, suggesting a weakening bearish momentum. The impending break of the trendline will hint at an upcoming change in direction, making the bullish case stronger.
What is the projection for AVAXUSD market?
The price may retest the $21.840 order block before moving upward. If the retracement holds above this support, the next resistance levels will be $27.210 and $28.000, marking the start of a bullish recovery. The ultimate bullish target stands at $33.020 if momentum strengthens further.
AVAX/BTC Price Analysis
The AVAXBTC pair is showing a bullish outlook after bouncing from a key order block around 0.0003770 BTC. The RSI at 52.49 suggests neutral momentum, leaving room for upward movement.
AVAXBTC is currently consolidating above the 9-period SMA, which stands at 0.0004120 BTC, indicating short-term bullish strength. A break above 0.0004790 BTC could trigger further gains, with the next target around 0.0005810 BTC.
Avalanche (AVAX) Current Statistics
The current price: $23.820
Market Capitalization: $9,650,000,000
Trading Volume: $198,990,000
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