Avalanche Price Prediction: AVAX/USD Could Reclaim Previous Resistance Levels

Avalanche Price Prediction – June 11

The Avalanche price prediction indicates that AVAX could surpass the moving averages during the European session today.

AVAX/USD Long-term Trend: Bearish (1D Chart)

Key Levels:

Resistance levels: $50, $55, $60

Support levels: $15, $10, $5

AVAX/USD is gearing up for an upward move as the coin hovers around $32.46, creating an inviting entry point for new investors. However, if sellers drive the market down, immediate support for the bears can be found around the $30 level.

Avalanche Price Prediction: AVAX/USD Gets Ready for a Rebound

The Avalanche price is likely to dip below the 9-day and 21-day moving averages, signaling a potential bearish trend that could present a buying opportunity for current holders. The 9-day MA is expected to remain below the 21-day MA, and a bearish cross below the channel’s lower boundary could see the price hitting support levels at $15, $10, and $5.

However, if buyers can maintain the current market price of $32.46 and push it above the moving averages, moving toward the channel’s upper boundary, the bulls could target potential resistance levels at $50, $55, and $60.

AVAX/USD Medium-term Trend: Bearish (4H Chart)

On the 4-hour chart, Avalanche (AVAX) continues its downward trend as sellers gain momentum, potentially driving the coin below the lower boundary of the channel. Observing the market, sellers are pushing AVAX toward the lower boundary, but as it dips further, more buyers are likely to step in.

However, if this buying pressure materializes, AVAX/USD could reach the resistance level of $35 and higher. However, continued bearish momentum might push it down to the support level at $30 and lower, with the 9-day MA persistently hovering below the 21-day MA.

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