Will AVAX Start a New Bullish Trend? Latest AVAX Analysis for Bitcoin Traders!

• AVAX has experienced a 10% increase in 5 days.
• AVAX investors are waiting for daily candlestick closures above the $18 resistance level.
• AVAX’s 24-hour volume has decreased by 37%.

AVAX Price Analysis! Is AVAX Ready for an Uptrend?

Daily AVAX Price Chart Source: TradingView

When we examine the AVAX price chart on a daily basis, it was moving close to the important resistance zone of $18 at the time of writing.

If AVAX makes daily candlestick closures above the $18 level, it can start an uptrend. When we examine AVAX’s 24-hour volume, it has decreased by 37% and dropped to $104,660,637.

Avalanche (AVAX) can realize its uptrend movement up to $18.60 if it makes daily candlestick closures above the $18 level mentioned in the analysis.

If AVAX makes daily candlestick closures above the $18.60 level, it can realize its uptrend movement up to $21.

Short-Term AVAX Price Analysis!

2-Hour AVAX Price Chart Source: TradingView

When we examine the AVAX price chart on a 2-hour time frame, it is moving close to the important resistance zone of $17.86 in the short term.

If AVAX cannot make 2-hour candlestick closures above the $17.86 level in the short term, it may experience a drop to the $17.30 level starting from this zone.

Avalanche (AVAX) needs to make candlestick closures below the 2-hour uptrend support before dropping to the $17.30 level. If AVAX closes below the $17.56 level, the trend support will be broken.

If AVAX manages to hold on to the support level of $17.15 mentioned in the analysis, it can start its uptrend movement from this price level.