Avalanche (AVAX/USD) Market Bulls Aim Higher Levels In Ongoing Rally
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 3
The AVAXUSD market’s bulls aim for higher levels in the ongoing rally, which is likely to continue against the diagonal support that emerged about 30 days ago.
The AVAXUSD pair is showcasing strong bullish momentum supported by technical indicators. The Moving Average (MA) with a 9-day period is currently at $46.900, acting as dynamic support to the uptrend. Additionally, the MACD indicator is positive, with the MACD line crossing above the signal line at 5.29 and 4.27, respectively, confirming bullish strength. The histogram shows growing momentum with consistent green bars, indicating increasing buying pressure.
AVAXUSD Market Key Levels
Resistance: $65.380, $81.870, $104.000
Support: $33.020, $17.280, $8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows that the price is set for a continued bullish trend as the market keeps respecting the diagonal support.
Analyzing price action, AVAXUSD has been making higher highs and higher lows, indicating a steady uptrend. It recently broke above the significant resistance level of $51.620 and is now trading around $54.660.
Support levels lie at $46.900 and $33.020, with the latter representing the most substantial historical support zone. The current trendline supports the upward movement, while the break of the previous market structure swing high (MSS) at $46.900 further confirms a bullish continuation.
What is the projection for the AVAXUSD market?
Projection-wise, the bullish trajectory suggests AVAXUSD is likely to test the next resistance at $65.380 in the short term. If this level is breached, the market could aim for $81.870 and eventually $104.000 as longer-term targets.
AVAX/BTC Price Analysis
The AVAXBTC pair is demonstrating bullish momentum as the price trades above the 9-day SMA at 0.0004890 BTC, serving as dynamic support. The MACD histogram shows increasing bullish momentum, with the MACD line above the signal line.
Price action has broken past the significant resistance level at 0.0005110 BTC, signaling further upside potential. The next target is 0.0005810 BTC, while a retest of the Fair Value Gap (FVG) around 0.0005110 BTC could provide a buying opportunity.
Avalanche (AVAX) Current Statistics
The current price: $54.660
Market Capitalization: $20,860,000,000
Trading Volume: $2,360,000,000
Place winning AVAX/USD trades with us. Get AVAX here
