AVAX Crypto Shows Bullish Trends as Key Resistance Approaches

In recent trading sessions, the $AVAX crypto price has fluctuated. Currently, the price hovers near the resistance level of $30.36, a critical juncture that could dictate future price movements.

The 9 EMA and 20 EMA are showing a consistent upward trend, with the 9 EMA recently recorded at $29.19 and the 20 EMA at $28.55. This alignment indicates a bullish momentum, suggesting that the price may continue to trend upward. 

Additionally, the MACD values have shown a positive trend, with the MACD line remaining above the signal line. This reinforces the bullish sentiment. RSI levels are hovering around the 68-72 range, indicating that the market is approaching overbought conditions, but not yet in a critical zone.

For traders eyeing potential movements, the resistance levels to watch are at $30.36, $31.85, and $32.99. A break above $30.36 could signal a potential run towards $31.85 and beyond, driven by the current bullish indicators. On the downside, the support levels at $29.38, $27.7, and $26.9 are crucial. Should the #AVAX crypto price retrace, these levels could provide strong support, preventing a deeper decline.

Given the current technical indicators, a long position could be considered if the #Avalanche price breaks above the $30.36 resistance level with a target towards $31.85. The bullish crossover in the MACD and the upward trend in EMAs support this strategy. Conversely, if the price fails to maintain above $30.36 and starts to decline, a short position could be initiated targeting the support levels of $29.38 or even $27.7, should the bearish momentum gain strength. #altcoins #TrendingInvestments The full analysis and trade strategy were originally posted on www.ecoinimist.com.