Avalanche (AVAX) is showing signs of strength on the 4-hour chart.
AVAX Chart (Source Coingecko)
It is currently trading at $18.00 after the latest candle crossed above the EMA50, indicating a possible shift toward bullish momentum.
Technical Indicators:
- ✅ RSI: Positive, suggesting buying interest.
- ✅ MACD: Positive, supporting the bullish outlook.
The key level to watch is $18.30, which acts as resistance. A confirmed break above this level could open the way for AVAX to retest the $19.00 zone in the near term.
Bottom Line:
If AVAX holds above the EMA50 and breaks $18.30 with strong volume, traders may see further upside potential. It’s a good moment to watch price action closely for a possible breakout.
Stay tuned for more crypto updates and analysis!
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