🚨🤔Avalanche (AVAX)🤔🚨

     🚨 Hello Crypto Banter community 🚨

AVAX/USD Avalanche Chart

AVAX slipped below $15 in March, driving up demand from this area. After that, AVAX, which held steady at $17, managed to establish a footing in this area.

AVAX has some indications that the bullish momentum will accelerate going into the month of April. First, the short-term bullish momentum is being preserved. Then, while the cryptocurrency sees attacks towards $18, it is noticed that the short-term exponential moving average values ​​are starting to rise above the 3-month average again.

On the other hand, the Stochastic Relative Strength Indicator (RSI) is supporting the rise with volatile moves towards the overbought zone as demand for AVAX remains in the $17 range. The move that will trigger the bullish momentum in the AVAX market could be a break of the Fibonacci retracement of 0.618 at $18.6. With a huge volume cross above this value or a daily close, AVAX may extend its gains and move towards the $19-21 range. According to the current outlook, another target area above this area is seen as the $23-$25 range.

On the other hand, as long as the $18 resistance area cannot be crossed, delays will increase in AVAX market and this may lead to selling pressure and disrupt the bullish setup. Accordingly, the range of $17-$17.5 in the lower region will be followed as an area to protect so as not to increase losses in digital funds.

What do you think 🤔......

In the comments......

@HLSPORTRAIT