Avalanche (AVAX/USD) Market Sets for Potential Upside as Bulls Strengthen
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Avalanche Price Prediction – September 24
AVAXUSD market sets for potential upside as bulls strengthen. The conclusion of the recently emerging short-term retracement is likely to result in a massive rally to the upside.
The technical indicators for AVAXUSD are leaning bullish. The 9-day Simple Moving Average (SMA) is sloping upward, currently at $25.830, signaling a short-term trend reversal. The MACD (Moving Average Convergence Divergence) has crossed above the signal line, confirming positive momentum, with histogram bars steadily increasing. This suggests growing buying pressure, further supported by the price staying above key moving averages.
AVAX/USD Market Key Levels
Resistance: $27.210, $33.020, $41.780
Support: $26.000, $21.840, $15.570
AVAX/USD – Daily Chart
The daily chart for the AVAXUSD market shows that a short-term retracement is ongoing.
From a price action standpoint, AVAXUSD recently broke above a long-term descending trendline and has tested resistance near $28.000. After retracing to $26.000, AVAXUSD might bounce back aggressively upward, indicating that bulls are defending this price zone. Key support is now established at $26.000, which aligns with the 9-day SMA.
What is the projection for the AVAXUSD market?
The projection for AVAXUSD is bullish, with an expected retest of $28.000 in the short term. If momentum sustains, a breakout toward $33.020 is likely in the coming weeks.
Any pullback could find support at $26.000 before continuing higher, targeting the next resistance level at $41.780. Price action indicates that bulls will likely regain control after any short-term consolidation.
AVAX/BTC Price Analysis
AVAXBTC has maintained its bullish structure, holding above the 9-day SMA at 0.0004180. A break of structure (BOS) confirms a higher high, suggesting bullish momentum will continue.
Support is strong at 0.0004180, and any retracement is expected to find demand around this zone before resuming the uptrend. The next resistance targets are 0.0004790 and 0.0005810, indicating a potential upside after consolidation.
Avalanche (AVAX) Current Statistics
The current price: $27.290
Market Capitalization: $11,350,000,000
Trading Volume: $391,290,000
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