Candle

Resistance

Avalanche

Reversal

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Avalanche price prediction is bullish and upside reversal is possible in October.</a> </li> 
 <li> <span>2</span> <a>AVAX price is in a correction phase and drops below $10 crucial support.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Avalanche crypto price struggles to halt the downfall.</a> </li> 
</ul> 
<p>Avalanche price prediction is bullish for the short term as well as for the long term. It suggests AVAX price has corrected a lot so buyers may come forward to push the price higher.&nbsp;</p> 
<p>Avalanche price seems to be in a downtrend and is trading below the 50-day EMA. However, the prices are near the demand zone so buyers may try to reverse the short-term trend.&nbsp;</p> 
<p>Recently, AVAX price dropped below the crucial support of $10.00 that fueled the downfall. The sellers dragged the price down to $9.00 which is now acting as a strong support for the bulls.&nbsp;</p> 
<p>The crypto leader BTC price is recovering. If the recovery continues, then it will improve the market sentiment.&nbsp;</p> 
<p>Moreover, it may positively impact the price of AVAX as well as other altcoins. At present, the bulls are trying to halt the downfall near $9 but price action does not show any signs of reversal.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/09/avax-price-prediction-is-avalanche-at-the-edge-of-reversal/">Avalanche price</a> is trading at $9.07 with an intraday decline of 1.52%. The 24-hour volume to market cap is 3.79%. The pair of AVAX/BTC is trading at 0.0003359 with an intraday decline of -0.77%.</p> 
<h2 class="wp-block-heading" id="strong-avalanche-price-at-attractive-levels-reversal-possible-strong"><strong>Avalanche Price at Attractive Levels; Reversal Possible?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-1024x434.png" alt="Avalanche Price Prediction: AVAX Price Looks Cheap Below $10?" class="wp-image-169670" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-583.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   AVAX/USDT daily chart by <a href="https://www.tradingview.com/x/qRhShI0i/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>Avalanche price prediction favors the bulls and suggests a significant rise is possible in the upcoming months. The price looks cheap and attractive at current levels. So, crypto whales may try to inject the money and accumulate at current levels.</p> 
<p>If the buyers succeed in defending the $9.00 level, then the price might show a recovery to the 50-day EMA. However, if the situation gets worse and the price drops below $9.00, then more downside will open.&nbsp;</p> 
<p>The technical analysis suggests that <a href="https://www.thecoinrepublic.com/2023/08/09/avax-price-prediction-is-avalanche-at-the-edge-of-reversal/">AVAX price</a> is oversold and looks cheap at current levels. So, buyers should grab this opportunity to accumulate.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-avax-price-formed-a-doji-candle-on-weekly-time-frame-strong"><strong>AVAX Price Formed a Doji Candle on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_5a427"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "BINANCE:AVAXUSDT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_5a427"

}

  );

  </script> 
</div>  
<p>AVAX price formed a Doji candle on the weekly time frame. It shows that bears are losing the downside momentum. However, the buyers will gain confidence when the price regains the $10.00 mark.&nbsp;</p> 
<p>The MACD curve is reversing upward indicating mild bullishness. The RSI at 30 is near the oversold territory so a relief rally may trigger anytime from the lower levels. However, the supertrend indicates mild bearishness and the short-term trend is still down.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Avalanche price prediction is bullish for October 2023. AVAX price looks oversold and buyers are trying to defend the $9.00 support.&nbsp;</p> 
<p>The analysis suggests that AVAX crypto price is at attractive levels and the probability of an upside reversal is high.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $10.00 and $11.24</li> 
 <li>Support levels: $8.83 and $7.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Avalanche Price Prediction: AVAX Price Looks Cheap Below $10?

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