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Avalanche (AVAX) is now tested a critical support area at the level of 20 dollars after a 55 % of its lowest local levels registered in early April. This level can determine the next stage of price movement, as bulls aim to restore control and pay prices to higher lands. Getting this support is necessary to maintain the ups that have been built over the past few weeks.
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However, total economic tensions and global market fluctuations are still in consideration significantly on investor morale. With the financial markets responding to the high geopolitical uncertainty and interest rate concerns, altcoins like avalanche faces rising pressure.
Despite the opposite winds, some analysts remain optimistic. Ali Martinez, a recently technical encryption analyst, highlighted, highlighting that AVAX bounces from the 200-day simple moving average (SMA) on the graph for 4 hours-a level that traders closely monitor. According to Martinez, this apostasy can be a pivotal point for bulls, especially if the volume increases and price procedures confirm the power is higher than the short -term resistance. The higher clean step from here can make AVAX up the climb and return it to focus as one of the leading ecosystem of class 1. The coming days will be crucial to confirm the direction.
The collapse bounces from the main level with the restoration of momentum bulls
After months of fluctuations and continuous sale pressure, Avalanche is traded at a pivotal turn that led to the bottom of its previous level. Despite the difficult environment, the feelings appear to be transformed. Over the past few weeks, AVAX has caught the renewed attention of merchants and analysts who believe that the current structure can lead to a meaningful recovery. Market participants closely monitor a confirmation of local bottoms to refer to the beginning of the broader transition to higher supply areas.
According to Martinez visionsAvalanche currently rises from the simple moving average for 200 days (SMA) on the graph for 4 hours-a level often seen as major dynamic support in the market. This apostasy is more supported by the TD sequence index, which is flashing a purchase sign, indicating that the upscale momentum can be based on this price level.
In order for this reflection to gain the real traction, Avax should not only defend the current support, but the short -term resistance areas must also be penetrated to create a continued climb pattern. The price of this week will be very important, as the broader encryption market is also looking for guidance amid total economic uncertainty.
If Bulls interferes with condemnation and size in strength, Avalanche can put himself to a large payment of a range between 25 and 30 dollars. However, failure to adhere to a level of $ 20 can lead to more negative side and re -test its lowest levels. Align technical indicators and improvement in the market, the following few sessions can determine the AVAX path for the coming weeks.
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Avax price details: technical levels of viewing
Avalanche is currently trading at $ 19.98, and the main psychological support level is tested after a great recovery from its local bottom in early April. Despite the modest apostasy, AVAX is still much lower than both simple moving averages for 200 days (SMA) at $ 29.80 and the average SIA for 200 days (EMA) at $ 26.30. This confirms that the broader trend is still downward, and the bulls have not recovered any major technical land.
The last rejection of prices near $ 22 to $ 23 indicates that sellers are still controlling. The size appears to be based, indicating poor momentum. The declining slope of both SMA and EMA enhances the skeletal weakness in the medium term. Unless AVAX can break the resistance group from 26 to 30 dollars, the resistance path remains the lowest on the negative side.
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Currently, the market appears to be unified in a lesser range between $ 18 and $ 23. If this support fails at $ 20, AVAX can reconsider the lowest levels of March near $ 16. On the other hand, the decisive collapse over EMA can cause renewed attention from the bulls and indicates a possible reflection of the direction. Merchants should monitor increased size and near 26 dollars to confirm the shift in the feeling.
Distinctive image from Dall-E, the tradingView graph
