{"id":507983,"date":"2022-10-26T18:00:56","date_gmt":"2022-10-26T18:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=507983"},"modified":"2024-06-11T12:48:20","modified_gmt":"2024-06-11T12:48:20","slug":"avalanche-fires-back-to-17-can-the-bulls-push-more-to-20-instead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avalanche-fires-back-to-17-can-the-bulls-push-more-to-20-instead\/","title":{"rendered":"Avalanche Fires Back to $17; Can The Bulls Push More To $20 Instead?"},"content":{"rendered":"<ul>\n<li><strong><span data-preserver-spaces=\"true\">AVAX&#8217;s price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">AVAX&#8217;s price remains strong below the 50 <a href=\"https:\/\/www.investopedia.com\/terms\/e\/ema.asp\" target=\"_blank\" rel=\"noopener nofollow\">Exponential Moving Average<\/a> (EMA) as it attempts to rally past a key area.<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as Avalanche (AVAX), which has rallied from its downtrend movement to a high of $17 as price attempts to break through key resistance. (Data from Binance)<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/why-these-major-crypto-wallets-acquired-over-100-million-xrp-in-last-24-hours\/\" target=\"_blank\" rel=\"noopener \">Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours<\/a><\/div>\n<h2><span data-preserver-spaces=\"true\">Avalanche (AVAX) Price Analysis On The Weekly Chart<\/span><\/h2>\n<figure id=\"attachment_507988\" aria-describedby=\"caption-attachment-507988\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-507988\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/AVAXUSDT_2022-10-26_15-15-33.png?resize=860%2C569\" alt=\"\" width=\"860\" height=\"569\"><figcaption id=\"caption-attachment-507988\" class=\"wp-caption-text\">Weekly AVAX Price Chart | Source: AVAXUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/lpixcRIK\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Although many altcoins have struggled to trend in a range market, the price of AVAX has seen more of a downtrend move as the price of AVAX dropped from a high of $150 to $15, seeing more than an 80% decline in its price.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">AVAX&#8217;s price recently declined from an all-time high of more than $150 to a region of $75 before rallying to a high of $100; the price of AVAX faced further rejection to its price to a range low of $60.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of AVAX bounced immediately, forming pin bar candlesticks as the price rallied to $96 with what seemed to be a relief for more rally to the upside.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">AVAX&#8217;s price faced a much bigger rejection at $96 as the price has continuously declined from this high to a weekly low of $15, where the price attempted to rally high but with less volume accompanying this rally.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite AVAX rallying from its weekly low, the price failed to break past the resistance at $35.3, corresponding to Fibonacci&#8217;s retracement value of 23.6%. The price to break the resistance at $35.3 for more relief.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the price of AVAX &#8211; $35.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly Support for the price of AVAX &#8211; $15.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of AVAX On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_507989\" aria-describedby=\"caption-attachment-507989\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-507989\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/AVAXUSDT_2022-10-26_15-36-46.png?resize=860%2C569\" alt=\"\" width=\"860\" height=\"569\"><figcaption id=\"caption-attachment-507989\" class=\"wp-caption-text\">Daily AVAX Price Chart | Source: AVAXUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/lpixcRIK\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the daily timeframe, the price of AVAX remains strong and trades above the key Support formed at $15 after the price rallied from its daily low, with the current market looking favorable for most crypto assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of AVAX needs to break and hold above 50 EMA, acting as a strong resistance to the price of AVAX. The price of $17.50 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $20.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the AVAX price &#8211; $17.50.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily Support for the AVAX price &#8211; $15.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-break-above-20000-sees-market-liquidations-cross-1-billion\/\" target=\"_blank\" rel=\"noopener \">Bitcoin\u2019s Break Above $20,000 Sees Market Liquidations Cross $1 Billion<\/a><\/div>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From zipmex, Charts From Tradingview\u00a0<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>AVAX&#8217;s price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance. AVAX&#8217;s price remains strong below the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area. The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as Avalanche (AVAX), which has rallied from its downtrend movement to a high of $17 as price attempts to break through key resistance. (Data from Binance) Related Reading: Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours Avalanche (AVAX) Price Analysis On The Weekly Chart Although many altcoins have struggled to trend in a range market, the price of AVAX has seen more of a downtrend move as the price of AVAX dropped from a high of $150 to $15, seeing more than an 80% decline in its price. AVAX&#8217;s price recently declined from an all-time high of more than $150 to a region of $75 before rallying to a high of $100; the price of AVAX faced further rejection to its price to a range low of $60.\u00a0 The price of AVAX bounced immediately, forming pin bar candlesticks as the price rallied to $96 with what seemed to be a relief for more rally to the upside. AVAX&#8217;s price faced a much bigger rejection at $96 as the price has continuously declined from this high to a weekly low of $15, where the price attempted to rally high but with less volume accompanying this rally. Despite AVAX rallying from its weekly low, the price failed to break past the resistance at $35.3, corresponding to Fibonacci&#8217;s retracement value of 23.6%. The price to break the resistance at $35.3 for more relief. Weekly resistance for the price of AVAX &#8211; $35. Weekly Support for the price of AVAX &#8211; $15. Price Analysis Of AVAX On The Daily (1D) Chart In the daily timeframe, the price of AVAX remains strong and trades above the key Support formed at $15 after the price rallied from its daily low, with the current market looking favorable for most crypto assets. The price of AVAX needs to break and hold above 50 EMA, acting as a strong resistance to the price of AVAX. The price of $17.50 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $20.\u00a0 Daily resistance for the AVAX price &#8211; $17.50. Daily Support for the AVAX price &#8211; $15. Related Reading: Bitcoin\u2019s Break Above $20,000 Sees Market Liquidations Cross $1 Billion Featured Image From zipmex, Charts From Tradingview\u00a0<\/p>\n","protected":false},"author":566,"featured_media":507996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84461,83347,86413],"class_list":["post-507983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche-avax","tag-avax","tag-avax-price"],"acf":[],"yoast_head":"\n<title>Avalanche Fires Back to $17; Can The Bulls Push More To $20 Instead?<\/title>\n<meta name=\"description\" content=\"The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/avalanche-fires-back-to-17-can-the-bulls-push-more-to-20-instead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche Fires Back to $17; 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