Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Has the Avalanche rally just begun?
EXCHANGE NEWS

Has the Avalanche rally just begun?

By Crypto FlexsDecember 4, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Has the Avalanche rally just begun?
Share
Facebook Twitter LinkedIn Pinterest Email

AVAX price is showing positive signs above the $20 support level. Avalanche bullishness appears to be under control and may be targeting a rise towards $25.

  • AVAX price is showing positive signs, surpassing the $20 level against the US dollar.
  • The price is trading above $21 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the AVAX/USD pair, there is a major bullish trend line forming with support near $20.60 (data source from Kraken).
  • If there is a clear move above the $22.50 and $23.00 resistance levels, the pair may continue to rise.

AVAX price signals a new rally.

After a big rally, Avalanche’s AVAX faced resistance near $24.00. It began a downward correction at $24.05, but stayed in positive territory like Bitcoin and Ethereum.

It fell below the $23 and $22 levels. The price fell below the 50% Fib retracement level, rising from the $15.60 swing low to the $24.05 high. It even surged below the $20 support zone. However, the bulls were active above $18.80.

AVAX price found support near $18.80 and confirmed the 61.8% Fib retracement level of $15.60 to $24.05. It has risen again and is trading above the $20 level.

There was a move above the $21 area and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $20.60 on the 4-hours chart of the AVAX/USD pair. On the positive side, there is immediate resistance near the $22.50 area.

Source: AVAXUSD on TradingView.com

The next major resistance is forming near the $23.00 area. If there is upside beyond the $22.50 and $23.00 levels, the price could surge by more than 10%. If stated, the price could rise steadily towards the $25 level.

Limited dips on the Avalanche?

If AVAX price fails to continue rising above the $22.50 or $23.00 level, another decline could begin. Immediate support for the downside is near the $20.60 level and the 100 simple moving average (4-hours).

Key support is near $19.50. A break below the $19.50 level could open the door for a new decline towards $18.80. The next major support is near the $15.80 level.

technical indicators

4-Hour MACD – The MACD for AVAX/USD is gaining momentum in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for AVAX/USD is now above the 50 level.

Key support levels – $19.50 and $18.80.

Key resistance levels – $22.50, $23.00, $25.00.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin (DOGE) struggles to get up in higher floKi rocket rockets.

July 17, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

KuCoin Launches XStocks, Delivering A One-Stop Access Point To Top Global Tokenized Equities

July 18, 2025

πŸ’΅ FREE $18 USDT – Just For Signing Up!

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

The future of EF ecosystem development

July 18, 2025

Satoshi-Aera Bitcoin Whale moves another 40K BTC to Galaxy Digital.

July 18, 2025

Behind The Surge In XRP, DLMining Brings New Opportunities To Mine BTC With Your XRP

July 18, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025
Most Popular

Bitcoin miners offload holdings while bullish momentum continues

March 13, 2024

Binance Executive Files Lawsuit Against Nigeria: Local Media

March 29, 2024

POPCAT Surges as Kraken Announces Trading Support

September 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.