Since cryptographic markets have shown a certain stability, altcoins as avalanche have refrained from maintaining a descending trend. Although bears restrict the rally below pivot resistance, tight accumulation could cause massive rupture. The AVAX price is currently negotiating at $ 22.19 while displaying a high long-term growth potential, mainly due to technology, ecosystem and adoption of the platform, despite continuous volatility and recent lower trends.
By examining price performance in the past 12 months, the AVAX price has experienced pronounced price fluctuations. The price showed massive volatility throughout 2024 and exceeded $ 50 just before the fence. Meanwhile, the Bears have intensified their action, causing not only an annual downward fence but also a lower start until 2025 which persists to date. Although the price has interrupted an extended lower action, the failure of the bulls to exceed an important area at $ 25 causes concerns for the next price share.
The weekly Avx table displays a strong presence of bulls because they defended the lower crucial support below $ 10. In addition, the latest rebound in a solid trend reversal area around $ 15 validated the presence of bulls. Interestingly, the price consolidates along the neckline neckline neckline while a similar model is in preparation. If it breaks the pivot resistance to $ 22.67, which could occur at any time. However, the Gaussian canal has become lower in the weekly graph, Bollinger tightening bands, indicating a drop in volatility.
Consequently, the monthly closing to come can be the turn for the price of the avalanche as an increase above the resistance and trigger a strong bull at $ 50, including a small retracement or a correction. In addition, open interest and market capitalization have increased considerably, which indicates the growing confidence of investors. However, technical analysis shows a mixed image, suggesting a short -term decline. In addition, although key indicators like CRSI indicate Surolon conditions, they refer to a potential bullish reversal.
