|

Avalanche price makes a turn for the better

  • Avalanche price shows classic ramping pattern accompanied with price ascension.
  • AVAX price has breached the oversold level on the Relative Strength Index.
  • If the technicals are correct, a breach of the $50 barrier could happen rapidly.

Avalanche price looks strong which may be a shock to many analysts eyes during this bear market.

Avalanche price looks impulsive

Avalanche price currently auctions at $29. The digital gaming token could be showing early stages of a journey to the moon as technicals appear rather unusually bullish. If market conditions are genuine, extreme volatility for traders is to be expected. AVAX price could become the scalpers’ playground for this month.


Avalanche price technical indicators confound the idea of an explosive rally. The Relative Strength Index has breached oversold territories while the Volume Profile Indicator produces a classical volume ramping pattern. 

When combined, it appears AVAX price could be witnessing the calm before the storm stages. A second  breach of $30.50 should be enough to propel the digital gaming token in an explosive manner. First target is $40, with an extended variant at $50.

tm/avax/8/20/22

AVAX/USDT

If the technicals are genuinely as bulliish as they seem. then the AVAX price should not be lured into breaching lquidity levels lying below the swing low below $22. If this bearish event occurs the AVAX prrice uptrend would be in jepordy with a decline towards $14 and possibly $10 as a possible outcome.

In the following video, our analysts deep dive into the price action of Avalanche, analyzing key levels of interest in the market. -FXStreet Team

Author

Tony M.

Tony M.

FXStreet Contributor

Tony Montpeirous began investing in cryptocurrencies in 2017. His trading style incorporates Elliot Wave, Auction Market Theory, Fibonacci and price action as the cornerstone of his technical analysis.

More from Tony M.
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP slide further as risk-off sentiment deepens

Bitcoin faces extended pressure as institutional investors reduce their risk exposure. Ethereum’s upside capped at $3,000, weighed down by ETF outflows and bearish signals. XRP slides toward November’s support at $1.82 despite mild ETF inflows.

Ripple eyes record high breakout in 2026 as Ripple scales infrastructure

XRP has traded under pressure, but short-term support keeps hopes of a sustainable recovery in 2026 alive. The launch of XRP ETFs and regulatory clarity in the US pave the way for institutional adoption.

Bitcoin risks deeper correction as ETF outflows mount, derivative traders stay on the sidelines

Bitcoin (BTC) remains under pressure, trading below $87,000 on Wednesday, nearing a key support level. A decisive daily close below this zone could open the door to a deeper correction.

Monero builds momentum amid bullish bets and looming resistance

Monero (XMR) trades close to $430 at press time on Wednesday, after a 5% jump on the previous day. The privacy coin regains retail interest, evidenced by heightened Open Interest and long positions.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.