While the bear market continues to be tough for cryptocurrencies and their investors, an analysis made specifically for Avalanche (AVAX) may indicate that AVAX is preparing for an uptrend.
Let’s examine this possible bullish analysis on Avalanche together. The bride asked, “Is the Avalanche preparing for an ascension?” Let’s try to find the answer to the question.
Bullish Signals on Avalanche
According to an analysis, the pivot bullish signals in AVAX may give some relief to the investors of AVAX, which closed the last two weeks of September with bullishness.
The last four weeks in AVAX have gone down, causing the high levels in AVAX to be lost.
AVAX’s daily chartThe analysis predicts that the decline in AVAX will trigger a rise of at least 10 percent.
During this period, the lowest price of AVAX was seen as $ 16.47 and the price entered the current short-term support zone.
The price hovering in this range at the beginning of July was interpreted as a buying opportunity. The same area was also tested in the third week of September. This support level still stands strong. For all these reasons, the price could start a 10% rise before returning to the current short-term support.
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