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Avalanche (AVAX) Technical Analysis: AVAX Price Eye’s at a 30% Jump Soon!


Key Takeaways

Avalanche (AVAX) Technical – Analysis for the Month

The price has maintained a significant descending trend since the beginning of the month. The price appears to be poised to flip the trend soon as it consolidates healthily. With a slight change in the market trend, the price may quickly flip the bearish consolidation.

Initially, the price may try hard to seal the levels above INR 6500 which may ignite an uptrend beyond INR 7200 by the end of April. On the other hand, if the asset faces a rejection, the price could be restricted below INR 7000.

Avalanche (AVAX) Technical Analysis at a Glance

AVAX price from a pretty long time is attempting to slice through the descending consolidation. And hence the asset may do so after continuing with the consolidation for another couple of days. With the breach through from the consolidation, the price may initially try to reach out towards the immediate resistance at the earliest.

Short-Term The AVAX price failed to validate a strong uptrend and hence may face a price drain soon
Mid-Term The asset is trying hard to recover but the weakened rally may hinder the upswing
Long-Term The price appears bearish and a notable drain in the price may be expected 

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 48.007 / 42.78 Neutral / Sell
MACD(12,26) -0.24 / -1.91 Sell / Sell
Average Directional Index(ADX) 36.187 / 31.51 Buy / Neutral
Bull-Bear Power -0.2780 / -8.76 Sell / Sell

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 INR 78.72 INR 82.33
Moving Average(MA)-200 INR 81.22 INR 84.58
Resistance INR 7776 INR 8970
Support INR 5248 INR 4248


Oscillators Short-Term Long-Term
Stochastic Oscillator 68.83 21.25
Ultimate Oscillator 52.45 36.27
Average True Range(ATR) 0.69 6.07
CCI 63.34 -90.52

The technicals for the AVAX price suggest a minor upswing may be fast approaching in short term, while the trend is extremely bearish in the longer time frame. And hence one can expect the price to reach the immediate resistance at the earliest.  

AVAX/INR Technical-Analysis for Short-Term

Source: Tradingview

AVAX/INR Technical Analysis for Long-Term

Source: Tradingview

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