- 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.
