Readings above 50 and an uptrend indicate that bulls still have a point of strength, while readings below 50 indicate the opposite. According to the RSI, in the 1-week candle time frame, Avalanche Coin is currently trending bullish with the actual RSI reading at 52.31. The 50 line could provide support if the indicator returns to it.
#expectations
Our technical analysis shows that the current trend is bearish, while the Fear and Greed indicator shows 57 (greed). Based on the analysis, the price of AVAX will decrease in the short term; However, a reversal would send AVAX to its previous highs.
AVAX had an impressive performance in the first quarter of 2024. Looking ahead, it will reverse from the current correction to new highs. Explore Cryptopolitan price forecasts to learn about the currency's path in the coming year
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