Avalanche (AVAX/USD) Market Shows Signs of Bullish Continuation Short-Term
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Avalanche Price Prediction – December 24
AVAXUSD market shows signs of bullish continuation short-term. The price has retracted upward after hitting the bullish order block.
The AVAXUSD daily chart utilizes key indicators like the 9-day Simple Moving Average (SMA) and the Stochastic Oscillator. The price currently trades near $40.230, slightly below the SMA at $41.280, indicating a potential resistance. However, the Stochastic Oscillator shows bullish momentum, with the %K line crossing above the %D line at oversold levels, suggesting that buyers may drive prices higher in the near term.
AVAX/USD Market Key Levels
Resistance: $55.860, $65.380, $81.870
Support: $33.020, $17.280, $8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows that the market is consolidating between two major critical zones.
AVAXUSD has bounced off a significant support zone around $33.020–$35.000. This area aligns with an order block (+OB) and represents a reversal point for the recent bearish move.
The market structure shows an earlier bearish shift (MSS), but the recent higher low formed near $37.630 suggests a potential reversal to the upside. The next resistance lies near the $50.000 order block (OB), which aligns with previous supply levels.
What is the projection for AVAXUSD market?
Given the bullish momentum and recovery from the $33.020–$35.000 support zone, AVAXUSD is likely to continue upward toward the $50.000–$55.860 range in the short term. A break above $41.280 (SMA) could accelerate the move.
However, failure to sustain momentum may see the price retesting the $35.000 area before another upward attempt. For now, the short-term outlook remains bullish.
AVAX/BTC Price Analysis
The AVAXBTC pair shows bullish momentum, supported by a failed swing low near the 0.0003420–0.0003330 order block (+OB). The price has rebounded strongly and is trading at 0.0004150, above the critical support zone, with the 9-day SMA at 0.0004160 acting as immediate resistance.
The Stochastic Oscillator indicates bullish momentum, as the %K line has crossed above the %D line from oversold levels. A continued move above 0.0004170 could push the price toward the next resistance at 0.0004790 in the short term.
Avalanche (AVAX) Current Statistics
The current price: $40.230
Market Capitalisation: $16,730,000,000
Trading Volume: $779,490,000
Place winning AVAX/USD trades with us. Get AVAX here
