AVAX/USD Moves Around $87 Level – Cryptovibes.com – Daily Cryptocurrency and FX News
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Avalanche Price Analysis – April 7
The Avalanche price is seen moving towards the 9-day and 21-day moving averages to hit the $90 resistance level.
AVAX/USD Market
Key Levels:
Resistance levels: $105, $110, $115
Support levels: $65, $60, $55
AVAX/USD bulls are trying to push the coin above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) reveals that the market may embark on a positive movement as the signal line moves to cross above the 50-level.
Avalanche Price Analysis: AVAX Price May Follow the Uptrend
Avalanche price is changing hands at $87.66 where it faces up. More so, if the coin breaks the $90 resistance level, the coin may continue its upward movement to cross above the upper boundary of the channel. Therefore, the nearest resistance levels could be located at $105, $110, and $115 while heading toward the lower boundary of the channel may reach the support levels at $65, 60, and $55.
AVAX/BTC Market: Avalanche Price May go back to the Upside
When compared with Bitcoin, the Avalanche price is heading to cross above the 9-day and 21-day moving averages as the bulls may push the coin to the positive side. On the downside, if the market price nosedives and slides towards the lower boundary of the channel, the next support level may surface at 2000 SAT to locate further key support at 1700 SAT and below if the sell-off later becomes huge.
However, on the upside, if the bulls push the price back above the moving averages; Avalanche could face the upper boundary of the channel. Further bullish movement may hit the potential resistance level at 2200 SAT and above while the signal line of the Relative Strength Index (14) moves above 50-level to continue the bullish movement. On the other hand, if it moves below this level, it may bring more bearish pressure into the market.
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