Avalanche (AVAX) Price Analysis: Fluctuation Range

The price of Avalanche (AVAX) has been moving consistently between $32 and $45 since December 20, 2024. The price movement is consistent as the fluctuation

Avalanche (AVAX) price has been making consistent moves between the range of $32-$45 since December 20, 2024. The price movement is showing consistency as the fluctuation ranges remain intact.

Avalanche price long term analysis: fluctuation range bearish

Traders are buying the dips and selling the rallies. On January 19, AVAX price dropped below the 21-day SMA and reached a low of $35. The bears are attempting to breach the current support level at $35. If the selling pressure persists, the altcoin will decline to the $32 price level.

However, if the present support holds, the bulls will be buying the dips. The current support has been holding since December 20, 2024, as the altcoin continues to maintain its range movement. At the time of writing, AVAX is trading at $35.01.

Avalanche indicator analysis

The price bars are below the moving averages on January 19. Bearish momentum is about to breach the support at $35. The moving averages are flat, indicating a bullish crossover. The selling pressure is showing signs of subsiding as the altcoin continues to trade sideways.

From the indicator, bearish力が強く、サポートを下回っている。売り圧力が続き、サポートが失われると、下落トレンドが再開される。一方、買い圧力が強く、サポートが維持されると、上向きの動きが再開される。上向きの動きは、移動平均線の水平な動きによって制限されている。

Technical indicators:

Key resistance levels - $60, $70

Key support levels - $30, $20

What to expect from Avalanche

On the 4-hour chart, AVAX has been making a down move since January 19, attempting to breach the $35 support level. The moving averages have stalled the bullish momentum, and there are still extended candle bodies pushing towards the $35 support, indicating massive buying pressure at the recent low.