AVAX Technical Analysis: A Bullish Breakout is Expected Overnight

Key technical points: 

Past Performance of AVAX

AVAX technical analysis for today is bullish. The AVAX/USD pair is currently trading at $20.02 and is looking to continue its upward trend. The closest support is found at $15, which is also the level of the 20-day moving average. The next level of resistance is at $25, which is the 200-day moving average. On the downside, a break below $15 could signal a further decline to $10. Traders should keep an eye on the $25 level for a possible breakout. A break above this level could lead to a further rally in the AVAX/USD pair.

Source- Tradingview

AVAX Technical Analysis

AVAX Technical analysis is currently in a bullish trend. The coin is undervalued at current prices and has the potential to appreciate in the future. Investors looking to buy the coin should do so at current prices. Those already holding the coin should continue to hold, as there is a strong possibility of further price appreciation.

The MACD is currently in a bullish trend, with the MACD line (blue) above the signal line (red). This indicates that the price is likely to continue to rise. The RSI is currently at 63.3, which indicates that the coin is neither overbought nor oversold. This suggests that there is room for further price appreciation.

Upcoming Trend

If the current trend continues, AVAX will likely appreciate it in the future. Investors should continue to hold the coin for potential future gains.