Avalanche Price Prediction: AVAX/USD Ranges as Price Targets $13.00 Level
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Avalanche Price Prediction – August 5
The Avalanche price prediction reveals that if bulls begin to increase their momentum, they can head toward the upper boundary of the channel.
AVAX/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $15.00, $15.50, $16.00
Support levels: $10.00, $9.50, $9.00
AVAX/USD is moving sideways but the coin is yet to cross above the 9-day and 21-day moving averages. According to the daily chart, the bullish momentum is getting ready for a cross above the nearest resistance level of $12.50.
Avalanche Price Prediction: AVAX/USD Would Spike to the Upside
The Avalanche price is changing hands at $12.35 where it will begin to face the upside. However, if the coin crosses above the 9-day and 21-day moving averages, the coin may locate the potential resistance levels at $15.00, $15.50, and $16.00 while the support levels remain at $10.00, $9.50, and $9.00 for the new entries as the technical indicator Relative Strength Index (14) moves below the 40-level.
AVAX/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Avalanche price may cross above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves to cross above the 40-level. However, any bullish movement above the upper boundary of the channel may hit the resistance level at $13.00 and above.
Meanwhile, AVAX/USD could display some bullish signals, and the market price will head to the upside, but if the price drops and heads toward the lower boundary of the channel, it could hit the nearest support at $11.80 and below. Nonetheless, this could be the best time for new buyers to come into the market and the existing buyers to buy the dips.
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