AVAX Price Prediction: Avalanche Bulls Aim $20 or Higher

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	192,146,951,652	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

192,146,951,652

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2.55	0.16%	1,595.41	1,841.00	1,841.01

Price Change

Price Change %

Current Price

Bid Price

Offer

2.55

0.16%

1,595.41

1,841.00

1,841.01

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1,632.94	1,588.96	1,593.57	1,592.86	1,073.42 - 2,142.85

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1,632.94

1,588.96

1,593.57

1,592.86

1,073.42 - 2,142.85

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:48:53	1.57	1,595.41	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:48:53

1.57

1,595.41

USD

Price x Volume	Volume	Base Symbol	Related Pairs
102,229,617.67	63,473.20	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

102,229,617.67

63,473.20

AVAX Price Prediction: Avalanche Bulls Aim $20 or Higher

23/03/2023 5:52am

NEWSBTC

AVAX price is holding the key $16.00 support zone. The price might start a major increase if there is a clear move above the $17.80 resistance zone. AVAX price is showing a few positive signs above the $16 level against the US dollar. The price is trading above $16.20 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance at $17.75 on the 4-hours chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if there is a clear move above the $17.50 and $17.75 resistance levels. AVAX Price Could Rally After forming a base above the $15.00 level, Avalanche’s AVAX started a decent increase, similar to bitcoin and ethereum. There was a clear move above the $16 and $16.50 resistance levels. However, the bears were active near the $17.75 and $18.00 levels. The last swing high was formed near $17.94 before the price trimmed gains. It retested the $16.40 zone. A low is formed near $16.35 and the price is now rising. It broke the 23.6% Fib retracement level of the downward move from the $17.94 swing high to $16.35 low. AVAX price is now trading above $16.20 and the 100 simple moving average (4-hours). There is also a key contracting triangle forming with resistance at $17.75 on the 4-hours chart of the AAVE/USD pair. On the upside, an immediate resistance is near the $17.15 zone. The next major resistance is forming near the $17.35 zone. It is close to the 61.8% Fib retracement level of the downward move from the $17.94 swing high to $16.35 low. Source: AVAXUSD on TradingView.com The main resistance is still near the $17.75 and $18.00 levels. If there is an upside break above the $17.75 and $18.00 levels, the price could surge over 10%. In the stated case, the price could rise steadily towards the $20 level. Dips Limited in Avalanche? If AVAX price fails to continue higher above the $17.75 or $18.00 levels, it could start a downside correction. An immediate support on the downside is near the $16.50 level. The main support is near the $16 zone. A downside break below the $16 level could open the doors for a fresh decline towards $15. The next major support is near the $14 level. Technical Indicators 4-hours MACD – The MACD for AVAX/USD is slowly gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for AVAX/USD is now near the 50 level. Major Support Levels – $16 and $15. Major Resistance Levels – $17.35, $17.75 and $18.

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