- Avalanche price radiates bullishness as the alt flipped two critical resistance zones ($86.49 and $78.96) to support barriers.
- The upward move also overpowered a plunging trend-line, indicating an upward action past $100.
- A 24hr candle close beneath $70.32 will cancel Avalanche’s bullish thesis.
Avalanche price displayed remarkable over the previous week as AVAX overturned several crucial resistance zones to support areas. That formed a stage for continued gains that might push AVAX towards levels above its ATH.
Avalanche Price Displays Potential
Avalanche price created around four lower peaks since touching the $146.75 on 21 November 2021. Connecting the swing points with trend lines reveals a plunging resistance barrier.
The past week’s trading sessions had AVAX gang approximately 41%, flipping the hurdles at $86.49 and $78.96 into footholds. Though bulls grapple with the barrier at $86.49 at the moment, market players can expect a smooth move past this zone.
Surprisingly, Avalanche price moved past the declining obstacle and successfully retested it to approve a flip. For now, enthusiasts can anticipate another leg-up from the altcoin to retest the $100 mark and gather buy-stop liquidity beyond $98.
As this move seems impressive, bulling momentum resurgence might see Avalanche tagging $125 and gathering buy-stop liquidity beyond the area. That would mean a 40% ascent from AVAX’s current position, $88.48.
Avalanche’s latest gains had to overcome two critical obstacles, making it easy to embark on its future rallies. However, bulls failing to persist will see Avalanche revisiting $78.96.
Meanwhile, a daily candle close under $70.32 will cancel AVAX’s bullishness by creating a lower low. That might see the crypto revisiting the support barrier of $64.59. Buyers may regroup in this area for further uptrends.
Avalanche seemed to open the door for an upside break past the $100 mark. The alt’s latest bullishness flipped two vital resistances ($78.96 and $86.49) into support.
Moreover, the upward actions penetrated a dropping trend-line, confirming the possible move past $100. Bulls should prevent a 24hr candle close under $70.32 to keep the bullish narrative in play.
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