Returning from an important support level in the wide time frame, Avalanche (AVAX) has started its upward movement again.
AVAX, which has been declining in value since $ 21.50, found buyers at the support of $ 16.60. This level, which is of great importance in the wide time frame, managed to turn AVAX’s course upwards. The popular coin, which is currently $ 17.45, has already made its ecosystem curious for its next move. The positive atmosphere of Bitcoin (BTC) seems to be fully reflected in AVAX.
AVAX Bounced From Critical Support
When we examine the 4-Hour AVAX chart, we can see that the price has bounced many times from the $ 16.60 level. Finding buyers at those points and rising again offers opportunities for analysis regarding the current pricing of AVAX. Having loosened up to $ 16.60 in the past days, AVAX managed to show the same performance and turn its course upwards.
Could AVAX’s positive pricing be a harbinger of larger rises? When we examine the AVAX chart in the large table, crossing the 18.22 – 19.33 and especially the 22 dollar band will answer this question in order to open the way for the rises.
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