Bitcoin

Resistance

Avalanche

AVAX price is gaining pace above the $36.50 resistance. Avalanche could rise further if there is a clear move above the $40.00 resistance zone. 
<ul> 
 <li>AVAX price is moving higher from the $30.50 support zone against the US dollar.</li> 
 <li>The price is trading above $35.00 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $34.00 on the 4-hour chart of the AVAX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to rise if it stays above the $36.30 and $35.50 support levels.</li> 
</ul> 
<h2 id="avax-price-aims-higher">AVAX Price Aims Higher</h2> 
After a steady decline, Avalanche’s AVAX found support near the $30.50 zone. A low was formed near $30.58, and the price started a fresh increase, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-65k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-reclaims-100-sma-but-bulls-still-lack-strength-to-clear-hurdles/" target="_blank" rel="noopener ">Ethereum</a>. 
The price gained over 10% and broke many hurdles near $35.00. There was a break above a key bearish trend line with resistance at $34.00 on the 4-hour chart of the AVAX/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $39.83 swing high to the $30.58 low. 
AVAX price is now trading above $36.50 and the 100 simple moving average (4 hours). On the upside, an immediate resistance is near the $37.65 zone or the 76.4% Fib retracement level of the downward move from the $39.83 swing high to the $30.58 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-606652" src="https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461" alt="AVAX Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/AVAX-Price.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/AVAXUSD/" target="_blank" rel="noopener nofollow">AVAXUSD on TradingView.com</a> 
The next major resistance is forming near the $39.80 zone. If there is an upside break above the $39.80 level, the price could surge over 10%. In the stated case, the price could rise steadily toward the $42.50 level or even $44.00. 
<h2 id="dips-supported-in-avalanche">Dips Supported in Avalanche?</h2> 
If AVAX price fails to continue higher above the $37.65 or $39.80 levels, it could start a downside correction. Immediate support on the downside is near the $36.30 level. 
The main support is near the $35.20 zone and the 100 simple moving average (4 hours). A downside break below the $35.20 level could open the doors for a major decline towards $32.80. The next major support is near the $30.50 level. 
Technical Indicators 
4 hours MACD – The MACD for AVAX/USD is gaining momentum in the bullish zone. 
4 hours RSI (Relative Strength Index) – The RSI for AVAX/USD is now above the 50 level. 
Major Support Levels – $36.30 and $35.20. 
Major Resistance Levels – $37.65, $39.80, and $42.50.

AVAX Price Uptrend To Continue? These Could Be The Factors To Watch

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