- When the daily technical chart of AVAX is examined, it is observed that the price is approaching the 4-hour resistance level of $39.59.
- If there are 4-hour candle closures above $39.60 and $39.59 becomes a support, it is anticipated that the price could rise first to $45 and then to $50.
- However, in case the resistance is not surpassed, it is indicated that the downward trend could continue down to the level of $32.64, emphasizing the significance of the range between $32.64 and $28.50 for long-term spot purchases.
When looking at the daily technical chart of AVAX, it is observed that the price is moving close to the resistance level of $39.59, and if this level is surpassed, it is predicted to rise to $45 and $50 levels.
MIDDLE TERM AVAX ANALYSIS
Daily AVAX/USD Chart
When looking at the daily technical chart of AVAX, it is observed that the price is moving close to the 4-hour resistance level of $39.59. If 4-hour candle closures occur above $39.60 and $39.59 becomes a support, it is predicted that the price will continue to rise, first to $45 and then to $50.
However, if AVAX fails to surpass the $39.59 resistance, it is stated that the downtrend may continue until the $32.64 level. In this case, $32.64 may be suitable for partial buying for those who missed the last downward movement.
For long-term spot purchases, it is emphasized that the levels of $32.64 – $28.50 are important and can be considered. AVAX investors are advised to carefully monitor the support and resistance levels mentioned in the analysis. If the $50 level is surpassed, the next target could be $70, but if this level is not surpassed, the price may exhibit sideways movements in the $50 – $40 range, as indicated in the article.
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