Avalanche (AVAX)
Current Price: $20.63 USD
24h Change: +1.13%
Daily Range: From $19.58 to $20.69 USD
24h Trading Volume: Approximately $1.2 billion USD
Market Capitalization: Around $6.6 billion USD
🔍 Technical Assessment
RSI: At 65, indicating that AVAX is nearing overbought territory.
MACD: A buy signal is present, suggesting the potential for the uptrend to continue.
SMA: The 50-day SMA is trending upwards, reinforcing the bullish trend.
🔮 Forecast for April 23, 2025
Expected Range: $20.50 – $21.00 USD
Bullish Scenario: If trading volume continues to rise and technical indicators remain positive, AVAX could break through the $21.00 resistance level and move towards $22.00.
Bearish Scenario: If significant selling pressure occurs, the price may drop to the $20.00 support level.