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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bullish-bounceback-from-16-in-avax-price-eyes-20-break/">Bullish Bounceback From $16 in AVAX Price Eyes $20 Break!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following a bullish reversal from the $8.6 mark, the AVAX price has remained a top performer in the blue-chip altcoins for the past few weeks. With a remarkable performance in the late Uptober season, the bull run approaches the $20 mark.&nbsp; 
With a 100% growth in the last 16 days, the <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">AVAX price prediction</a> denotes a positive high-demand phase in the coming months.&nbsp; 
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Following the double bottom reversal on October 19th, the AVAX price trend continues a linear growth phase to surpass multiple roadblocks. Overcoming the crucial 50D and 200D EMA, the uptrend reverts the trend polarity of the EMAs.&nbsp; 
With a bullish turnaround influencing the golden crossover in the crucial EMAs, the chance of a prolonged uptrend increases. Further, the crossover event will boost the general market sentiments around the altcoin.&nbsp; 
With a triple white soldier pattern, the AVAX price rose by 46% to $19.79 between November 10th and 12th. Followed by a quick correction to retest the $16 break, the buyers regained control with a 5.79% jump. Sustaining the momentum, the Avalanche price skyrockets with an intraday growth of 5.40% and currently trades at $17.97. 
Therefore, the increasing trend momentum and the overall market recovery increase the chances of a bull run in the Avalanche market price.&nbsp; 
Technical indicators:&nbsp; 
RSI: The daily RSI line continues to sustain the bullish overbought territory despite a short pullback to the 70% boundary line.&nbsp; 
<h2 class="wp-block-heading" id="h-will-avax-price-rise-to-20">Will AVAX Price Rise To $20?</h2> 
With the overall market taking a bullish stand as the Bitcoin Spot ETF wildfire fuels the uptrend in the altcoins, the AVAX price eyes to cross the $20 mark. Further, the price action analysis projects a high likelihood of a bull run above $20 to reach the $25 mark. 
On the flip side, a reversal before the $20 mark can drop the prices back to $16.
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Bullish Bounceback From $16 in AVAX Price Eyes $20 Break!

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