Avalanche Price Prediction: AVAX/USD Spikes Above $13.90 Resistance
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The Avalanche price prediction shows that AVAX is beginning to restart the uptrend after touching the daily low of $11.97.
Avalanche Price Prediction – November 9
AVAX/USD Long-term Trend: Ranging (1D Chart)
Key levels:
Resistance Levels: $15.0, $16.0, $17.0
Support Levels: $11.0, $10.0, $9.0
AVAX/USD touches the resistance level of $13.95 today as the price retreats to the daily low of $11.97. However, a daily close above the upper boundary of the channel may increase the Avalanche price to $14.0. Meanwhile, traders need to be aware that a sustained upward movement in price has the potential to attract more buyers, particularly as bullish investors continue to build their positions in the market.
Avalanche Price Prediction: AVAX May Begin to Break Higher
According to the daily chart, the Avalanche price touches the resistance level of $13.95, the coin is now looking forward to pushing to the upside. Moreover, the daily chart reveals that if the 9-day moving average stays above the 21-day moving average, it will help the coin focus on the upside.
On the contrary, the bears may take advantage of breaking below the 9-day moving average if the bulls fail to move the price upward. Meanwhile, if the Avalanche price crosses above the upper boundary of the channel, it could hit the resistance levels of $15.0, $16.0, and $17.0 but sliding toward the lower boundary of the channel may bring the price to the support levels of $11.0, $10.0, and $9.0 respectively.
AVAX/USD Medium-term Trend: Bullish (4H Chart)
According to the 4-hour chart, the Avalanche price is hovering below the 9-day and 21-day moving averages after touching the resistance level of $13.81. However, if the bulls resume back into the market and push the market price above the upper boundary of the channel, it could reach the resistance level at $14.5 and above.
Meanwhile, if the sellers increase the selling pressure and bring the market to the south, traders can expect a fall below the lower boundary of the channel, and breaking below this can hit the support at $11.5 and below.
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