Resistance

Avalanche

<ul class="list-ic vertical">
 <li><span>1</span> <a>AVAX coin displays a retracement and has retested the 50-Day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers look strong and are looking to stretch the pullback toward $50.</a></li>
</ul>
<p>Avalanche coin (AVAX) replicated a rebound from the demand zone of $20 and has retested the round mark of $50 in the previous sessions. However, the coin failed to sustain the mark and faced profit booking, which led to a retracement. However, the coin has retained strength and suggests a breakout above $50 is imminent. Moreover, the coin displays buyer accumulation as the bulls try to stretch the pullback.</p>
<p>AVAX coin price is trading near the 50-Day EMA support mark and is hovering close to the lower trendline, below $35; the coin may decline toward $30. Conversely, if a pullback happens, buyers will stretch the pullback toward $45, followed by $50 soon. However, the trend is neutral, and any major rally could only be triggered once the $50 mark was breached.</p>
<p>The Avalanche coin (AVAX) price was $36.88 at press time, with an intraday gain of 2.03%, showing neutrality on the charts. Moreover, the trading volume has increased by 28.21% to $244.69 Million. The pair of AVAX/BTC is at 0.000715 BTC, and the market cap is $13.92 Billion. Avalanche coin has a monthly return ratio of 20.52% and 100.78% on a yearly basis. Analysts are bullish and suggest that the Avalanche crypto (AVAX) price will continue to face volatility and may retest $50 soon.</p>
<h2 class="wp-block-heading" id="strong-avalanche-displays-symmetrical-triangle-pattern-pullback-soon-strong"><strong>Avalanche Displays Symmetrical Triangle Pattern, Pullback Soon?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/2u3FwmAfZceTidMdtLXsI55ZRZ8ZJesfExhRg4lPToP0s5mnQ2CJ2f9IN-JrVcMLffgP68-RcUadXlDePSYbTPEU2SIOCOE2P1GK2kKajZ39WQanrAxYlve3y_saE9C-DrjGinOkjWEhGyNa-k3SCzA" alt="AVAX Price Prediction: Can AVAX Retain $50 Amid a Retracement?">
  <figcaption class="wp-element-caption">
   Source: AVAX Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>Avalanche coin (AVAX) reflects volatility, forming a symmetrical triangle pattern, which suggests a rise in the following sessions. The coin price is close to the trendline support and is awaiting a rebound toward $40 soon. Per the Fib retracement levels, the coin was hovering below the 38.2% zone for the past few sessions.</p>
<p>The RSI curve stayed near the midline and formed a positive divergence, suggesting a bounce may occur in the following sessions while the MACD shows a bearish crossover, reflecting volatility.</p>
<h3 class="wp-block-heading" id="strong-avax-signifes-buyer-accumulation-on-weekly-charts-strong"><strong>AVAX Signifes Buyer Accumulation On Weekly Charts&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/4TFbqDFltnflCTr4XcDugsNC-67h2ewWGmllUEZ1HYNI0H1ykasQeXJoOZE4w4QQ1_9JGjnXFScFSwbpK66QCf_3BXFT4uGXihXcDz1wLjpuEWXD5Gz2rIfWHCQm79MRW0cdfTzUrk5olp93x8sH1wA" alt="AVAX Price Prediction: Can AVAX Retain $50 Amid a Retracement?">
  <figcaption class="wp-element-caption">
   Source: AVAX Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>Avalanche coin witnessed a recovery from the bottom and noted bulls’ accumulation, surpassing significant moving averages. Furthermore, the coin has attained buying momentum and will soon crack the $50 level. However, the price action shows volatility, as the coin awaits an aggressive move above $50 to trap the bears.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/24/flow-crypto-prediction-flow-rebounds-snapping-off-weekly-loses/" target="_blank" rel="noopener noreferrer nofollow">Avalanche coin</a> (AVAX) price is hovering near the lower trendline support mark of $35 and is anticipating a pullback soon. Moreover, the trend is volatile, and bulls are willing to retest the round mark of $50. However, the trendline hurdle of $40 must be breached for a significant rise in the following sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $35 and $30</p>
<p><strong>Resistance Levels:</strong>$40 and $45</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

AVAX Price Prediction: Can AVAX Retain $50 Amid a Retracement?

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Thecoinrepublic.com

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