Avalanche (AVAX/USD) Market Bullish Continuation Signals Upward Move Toward Major Resistance
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Avalanche Price Prediction – December 17
AVAXUSD market bullish continuation signals an upward move toward major resistance. The ongoing price action shows that the market is attempting to break through the $55.860 resistance.
The AVAXUSD daily chart indicates a bullish bias, supported by the 9-period SMA at $49.750, which currently aligns as dynamic support for the pair. The Moving Average Convergence Divergence (MACD) histogram shows weakening momentum as the MACD line at 3.80 stays slightly above the signal line at 3.15, reflecting temporary indecision but no confirmed bearish reversal. The price holding above the $45.000 zone indicates the continuation of bullish control, with any retracements likely to find support around this area.
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 bulls are still in control of the market.
AVAXUSD experienced a significant bounce off the bullish order block (OB) near $45.000. This demand zone aligns perfectly with a previous breakout structure and continues to act as a strong foundation for buyers.
Resistance at $55.860 has capped recent moves, but multiple bullish candles above $45.000 suggest that a breakout above this key resistance is likely. If the price breaks past $55.860, bullish momentum will accelerate significantly.
What is the projection for the AVAXUSD market?
Looking ahead, the projection remains bullish with the potential to reach $65.380, a critical resistance level that coincides with previous highs. Beyond this, the next major target lies at $81.870, where sellers could regain control.
AVAX/BTC Price Analysis
AVAXBTC remains in a bullish trend, maintaining higher highs and higher lows after a strong impulsive move. Price is currently retracing towards the 0.618 Fibonacci level, which aligns with a key support zone around 0.0004340.
The 9-day SMA is holding as dynamic support, signaling that buyers could regain control soon. A rebound from this zone could see a retest of the 0.0005810 resistance level, with further upside potential towards 0.0007130.
Avalanche (AVAX) Current Statistics
The current price: $49.050
Market Capitalisation: $19,090,000,000
Trading Volume: $809,630,000
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