Strong

Resistance

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Avalanche

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<ul> 
 <li>AVAX experienced an initial 10% surge in October before facing a trend reversal.</li> 
 <li>Bulls are attempting a breakout; key resistance is set at $9.60 and $9.96.</li> 
 <li>RSI indicates weak market power, but momentum could shift soon.</li> 
</ul> 
<p>In the constantly fluctuating world of cryptocurrencies, the AVAX coin has caught the attention of many. Starting October robustly, AVAX boasted a 10% rise, only to face a sudden reversal.</p> 
<p>Following this momentum shift, the Avalanche coin found itself negating its initial gains and further declining by 4.89%. However, as the market navigates through the bearish undertones, there’s a glimmer of hope for AVAX.</p> 
<p>Currently, it hovers tantalizingly close to its resistance trendline. With the bulls fighting for dominance, a potential breakout could herald significant price actions. While the RSI has shown weakened market power for the past week, a bullish swing is very much in the cards. If the bulls successfully penetrate the descending channel, reaching the resistance of $9.80 seems likely.</p> 
<figure class="wp-block-embed is-type-wp-embed is-provider-crypto-news-land wp-block-embed-crypto-news-land">
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   <a href="https://cryptonewsland.com/avalanche-avax-price-prediction/">Avalanche (AVAX) Price Prediction 2023 to 2031: Is $50 EOY Price Possible?</a>
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</figure> 
<p>And with sustained momentum, $9.96 isn’t far off. Conversely, continued bear dominance could plummet prices below the $9.10 support, possibly testing the critical $8.70 mark. The coming days are pivotal for AVAX.</p> 
<p>With the crypto industry’s dynamic nature, a rebound for the Avalanche coin isn’t just a possibility; it’s on the horizon. The crypto world watches with bated breath as AVAX holds great promise for the future.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/avalanche-rocks-the-internet-with-105-surge-in-daily-users/">Avalanche Rocks the Internet with 105% Surge in Daily Users</a></li>
 <li><a href="https://cryptonewsland.com/why-investors-are-buzzing-about-avaxs-potential-leap-to-10/">Why Investors Are Buzzing About AVAX’s Potential Leap to $10</a></li>
 <li><a href="https://cryptonewsland.com/avalanche-avax-price-prediction/">Avalanche (AVAX) Price Prediction 2023 to 2031: Is $50 EOY Price Possible?</a></li>
 <li><a href="https://cryptonewsland.com/amazon-web-services-partnership-aws-boosts-avalanche-avax-price/">Amazon Web Services Partnership (AWS) Boosts Avalanche (AVAX) Price</a></li>
 <li><a href="https://cryptonewsland.com/avax-price-analysis/">AVAX Price Analysis: Potential Breakout Expected as Buyers Eye Strong Resistance</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/avalanches-potential-bounce-back-what-traders-should-know/">Avalanche’s Potential Bounce-Back: What Traders Should Know</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Avalanche’s Potential Bounce-Back: What Traders Should Know

Crypto News Land

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