Avalanche Price Prediction for Today, October 14 – AVAX Technical Analysis

The
Avalanche
price
prediction
may
lack
short-term,
but
if
the
price
increases,
the
coin
will
likely
face
moderate
market
volatility
soon.

Avalanche
Prediction
Statistics
Data:

• Avalanche
  price
  now
  –
  $28.46
• Avalanche
  market
  cap
  –
  $11.9
  billion
• Avalanche
  circulating
  supply
  –
  406.6
  million
• Avalanche
  total
  supply
  –
  446.6
  million
• Avalanche
  Coinmarketcap
  ranking
  –
  #12

Avalanche
(AVAX)
has
shown
impressive
long-term
growth,
rising
946.92%
from
its
all-time
low
of
$2.79
in
December
2020.
Although
it
reached
an
all-time
high
of
$146.22
in
November
2021,
the
current
price
range
is
$28.70
to
$29.81
over
the
past
24
hours.
Early
adopters
who
entered
at
the
start
have
seen
significant
gains,
highlighting
the
potential
rewards
of
getting
involved
in
crypto
projects
early.

AVAX/USD
Market

Key
Levels:

Resistance
levels:
$33.0,
$35.0,
$37.0

Support
levels:
$24.0,
$22.0,
$20.0

The
current
analysis
of

AVAX/USD
on
the
daily
chart
reveals
a
bullish
structure
forming,
despite
recent
bearish
pressure.
AVAX
has
been
in
an
accumulation
phase
since
June,
trading
within
a
range
of
$20
to
$30,
with
two
false
breakouts
above
the
upper
boundary.
This
prolonged
consolidation
suggests
the
price
is
building
momentum
for
a
potential
breakout,
but
significant
resistance
remains
around
the
resistance
level
of
$30
level.

Avalanche
Price
Prediction:
Avalanche
(AVAX)
May
Go
Bullish

According
to
the
daily
chart,
the
Avalanche
market
may
create
more
bullish
trends
if
the
bulls
increase
the
pressure
away,
and
this
is
noticeable
for
the
technical
indicator
as
the
9-day
moving
average
moves
to
cross
above
the
21-day
moving
average.
Meanwhile.
The
$30
level
is
critical
as
it
represents
both
psychological
and
technical
resistance,
aligned
with
the
value
area
high
on
the
daily
chart.
A
breakout
above
this
level,
especially
with
strong
volume,
could
trigger
a
substantial
upward
move
toward
the
potential
resistance
levels
of
$33.0,
$35.0,
and
$37.0
respectively.

On
the
other
hand,
the
sellers
may
decide
to
return
to
the
market,
should
the
bulls
fail
to
push
the
coin
toward
the
upper
boundary
of
the
channel.
Currently,
the
market
is
trading
at
$28.46
within
the
channel,
but
any
bearish
movement
below
the
daily
low
of
$28.31
could
lead
the
coin
to
a
serious
downtrend.
However,
the
support
levels
for
the
coin
could
be
located
at
$24.0,
$22.0,
and
$20.0.

AVAX/BTC
Heads
to
the
North

Against
Bitcoin,

the
Avalanche
price
heads
to
the
north
as
the
price
touches
the
daily
high
of
4675
SAT.
In
the
meantime,
the
support
level
of
this
trading
is
built
around
4500
SAT.
Technically,
the
market
price
may
continue
to
head
to
the
upside
as
the
9-day
moves
to
cross
above
the
21-day
moving
average.

However,
if
the
Avalanche
price
slides
toward
the
lower
boundary
of
the
channel,
AVAX/BTC
could
hit
the
support
level
of
4100
SAT
and
below.
Therefore,
any
bullish
movement
above
the
upper
boundary
of
the
channel
may
allow
the
market
to
form
a
new
upward
trend,
which
could
hit
the
potential
resistance
level
at
5000
SAT
and
above.

Nevertheless,
@KingWilliamDefi
advised
his
followers
on
X
(formerly
Twitter)
that
with
AVAX
currently
priced
at
around
$29.25,
it
presents
a
good
buying
opportunity.
He
emphasized
that
whether
you
already
hold
AVAX
or
plan
to
buy,
leveraging
a
DeFi
strategy
is
crucial,
as
it
allows
investors
to
earn
a
substantial
12-20%
APY
with
minimal
effort.

1/
First
up
is

@avax.

Right
now,
it’s
priced
around
$29.25,
and
it’s
a
good
range
to
consider
buying.

If
you
already
hold

$AVAX
in
your
portfolio
or
plan
to
buy
it,
it
would
be
a
mistake
not
to
use
a
DeFi
strategy.

With
it,
you
can
easily
earn
12-20%
APY
for
free.

pic.twitter.com/8Va9S7wa8e

—
KingWilliam
(@KingWilliamDefi)

October
14,
2024

Alternatives
to
Avalanche

The
Avalanche
(AVAX)
price
is
poised
for
a
bullish
breakout,
potentially
crossing
above
the
upper
boundary
of
the
channel,
as
technical
indicators
show
the
strongest
momentum
since
August,
supported
by
high
weekend
trading
volume.
Sustained
volume
in
the
coming
days
could
give
AVAX
the
strength
to
break
the
$30
resistance.
Similarly,

Pepe
Unchained
is
nearing
a
milestone,
with
less
than
two
days
left
before
its
price
increase,
having
raised
nearly
$19.6
million
in
its
presale,
indicating
strong
demand.

Pepe
Unchained
Is
Building
An
Entire
Ecosystem
–
Huge
Demand
Increase

As
retail
investors
are
expected
to
return
during
the
upcoming
bull
market,
Pepe
Unchained
positions
itself
as
a
high-potential
investment.

Unlike
established
cryptocurrencies
like
Bitcoin
or
Ethereum,
meme
coins
with
lower
market
caps,
such
as
Pepe
Unchained,
offer
the
possibility
of
significant
gains
(50x
to
100x).

Visit
Pepe
Unchained

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