AVAX Price Is Expecting a Bullish Rebound From $16 and a $20 Break!
In order to overcome several obstacles, the AVAX price movement is still in a linear development phase. The upswing reverses the trend polarity of the EMAs, surpassing the pivotal 50D and 200D EMAs.
A longer-term upswing is more likely when a bullish turnaround influences the golden crossover in the important EMAs. Additionally, the crossover occurrence will improve the altcoin's overall market perception.
Between November 10 and November 12, the price of AVAX increased by 46% to $19.79 with a triple white army design. A swift pullback to retest the $16 break was followed by a 5.79% surge that gave the buyers control again. Maintaining the trend, the price of Avalanche soars, rising 5.40% intraday to trade at $17.97.
Will the Price of AVAX Reach $20?
The AVAX price is aiming to surpass $20 as the market as a whole adopts an optimistic stance as the Bitcoin Spot ETF wildfire feeds the altcoin momentum. Furthermore, a bull run above $20 to reach $25 is quite likely, according to the price action analysis.
Conversely, a reversal before to the $20 threshold may cause the prices to return to $16.
