Avalanche (AVAXUSD) – Analysis – 18-12-2024

The price of Avalanche (AVAXUSD) has decreased during its recent trading at the moment levels, amid the occurrence of negative signals on the relative strength indicators, despite reaching areas of severe saturation with selling operations, so that the price is trying to gain positive momentum that may help it recover and rise again, in light of the dominance of the main upward trend in the short term, and its trading above its simple moving average for the previous 50-day period, which constitutes a double positive support.

Therefore, we expect the return of the currency price to rise during its upcoming trading, as long as the support level of $40.56 remains stable, to target the pivotal and stubborn resistance level of $55.86 again.

The expected direction of the upcoming trading: Likely to rise

The expected direction of the upcoming trading: Likely to rise $AVAX