קענען די בולז ברעכן די קעגנשטעל פון $ 17.50? - קריפּטאָפּאָליטאַן

TL; DR ברעאַקדאָוון

• Avalanche price analysis suggests sideways movement before the upwards breakout $18.00 mark.
• די קלאָוסאַסט שטיצן איז ביי $ 17.00
• אַוואַקס פייסיז קעגנשטעל ביי די $ 17.50 מארק

די לאַווינע פּרייַז אַנאַליסיס ווייזט אַז די אַוואַקס פּרייַז action has fallen down to the $290.00 support where the bulls are trying to hold the bearish pressure at bay.

The broader cryptocurrency market observed a bullish market sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include SOL and BTC, recording a 9.15 and a 15.76 percent incline, respectively. 

Avalanche price analysis: AVAX attempts to break past $17.50

The MACD is currently bearish, as expressed in the green colour of the histogram. Moreover, the indicator shows steady bearish momentum as expressed in the green colour of the indicator. However, the lighter shade of the histogram suggests an increasing bearish momentum as the price struggles to break past the $ 17.50 צייכן. 

די EMAs זענען דערווייַל טריידינג נאָענט צו די דורכשניטלעך שטעלע ווייַל די נעץ פּרייַז באַוועגונג אין די לעצטע צען טעג בלייבט נידעריק. אָבער, די EMAs מאַך נאָענט צוזאַמען, סאַגדזשעסטינג נידעריק מאָמענטום איבער די צייט ראַם. דערצו, די דייווערדזשינג EMAs פֿאָרשלאָגן אַ ינקריסינג בעריש דרוק פֿאַר די אַסעט.

The RSI briefly rose to the overbought region but has since gone down towards the mean line as the price failed to break out to the $18.00 mark. Currently, the index is trading at the 63.32 mark showing steady bearish momentum on either side with the horizontal slope suggesting low net activity in the markets.

די Bollinger באַנדס זענען יקספּאַנדיד אין דרוק צייט, ווייַל די פּרייַז קאַמף אַבזערווז אַן בוליש טעטיקייט לעבן דער אויבערשטער שיעור פון די אַסעט. די דנאָ שורה פון די גראדן גיט שטיצן ביי די $ 15.28 מארק בשעת דער אויבערשטער שיעור גיט אַ קעגנשטעל מדרגה ביי די $ 17.67 מארק.

טעכניש אַנאַליזעס פֿאַר AVAX / USDT

Overall, the 4-hour Avalanche price analysis issues a buy signal, with 15 of the 26 major technical indicators supporting the bulls. On the other hand, only two of the indicators support the bears showing a low bearish presence in recent hours. At the same time, nine indicators sit on the fence and support neither side of the market. 

The 24-hour Avalanche price analysis shares this sentiment and also issues a buy signal with 13 indicators suggesting an upwards movement against five suggesting a downward movement. The analysis shows strong bearish dominance across the mid-term charts with significant bullish resistance persisting. Meanwhile, the remaining eight indicators remain neutral and do not issue any signals at press time. 

וואָס צו דערוואַרטן פון אַוואַלאַנטשע פּרייַז אַנאַליסיס?

The Avalanche price analysis shows that the Avalanche market is enjoying a strong bullish rally as the price rose from $10.00 to the current $17.00 in the last 20 days. Currently, the price is facing strong bearish pressure at the level but the bulls hold strong at the $17.00 support level causing a short-term stalemate at the level.

Traders should expect AVAX to move up toward the $18.00 mark as the bulls push through against the bearish pressure. The suggestion is reinforced by the bullish short-term technicals and the mid-term analyses. However, the price may see a sideways movement before that as the bulls generate momentum. As such, the short-term prices can be expected to trade between the $17.00 mark and the $17.40 price level across the short-term charts.