bullish

Rally

Resistance

Avalanche

<p>A technical analysis from analyst Crypto Winkle suggests <a href="https://captainaltcoin.com/?s=AVAX&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX)</a> shows strong bullish indicators on its USDT trading pair. The analysis, shared via X, outlines specific price targets while highlighting key technical metrics that support the token’s upward trajectory.</p>
<h2 class="wp-block-heading" id="strong-avax-demonstrates-a-bullish-trend-strong"><strong>AVAX Demonstrates a Bullish Trend</strong></h2>
<p>Crypto Winkle’s analysis suggests that AVAX is experiencing a sustained upward trend, characterized by higher highs and higher lows. This indicates strong buyer interest.&nbsp;</p>
<p>The tweet also hints at a possible breakout from a prior resistance zone, which has propelled the price into a bullish trajectory.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We've spotted a opportunity in <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AVAX</a>/USDT that you won't want to miss.<br><br>The chart shows a powerful bullish trend.<br><br>Technical Indicators for <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@avax</a>:<br>MACD: 3.54 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>EMA: 39.11 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Based on the technical analysis, I'm eyeing potential targets of $42 and $51 if the bullish momentum… <a href="https://t.co/mDGgAgAk2g" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/mDGgAgAk2g</a></p>— Crypto Winkle (@CryptoWinkle) <a href="https://twitter.com/CryptoWinkle/status/1861368944507982274?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>At press time, AVAX was <a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="noopener noreferrer nofollow">trading around $38.84</a>, slightly below the 39.11 EMA level. This places the crypto at a critical point where sustained buying pressure could push prices higher. The key resistance zones identified are $42 and $51, likely representing previous highs or Fibonacci extension levels.</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-support-price-growth-strong"><strong>Technical Indicators Support Price Growth</strong></h2>
<p>The technical indicators provided by the tweet reinforce the bullish outlook. The MACD reading of 3.54 signals strong momentum, with potential for continued upward movement if the MACD histogram expands.&nbsp;</p>
<p>Additionally, the price trading near the 39.11 EMA suggests the trend is intact, as this moving average often acts as dynamic support during uptrends. Chart patterns and trendlines may further confirm the <a href="https://www.fxstreet.com/cryptocurrencies/news/avalanche-price-forecast-avax-trading-volume-surges-as-avalanche9000-upgrade-debuts-202411260740" target="_blank" rel="noopener noreferrer nofollow">positive sentiment</a>.&nbsp;</p>
<p>Patterns such as an ascending triangle or a bull flag could indicate a continuation of the upward move. Upward-sloping trendlines connecting recent lows also serve as critical support zones, helping traders identify favorable entry points.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/is-it-too-late-to-buy-cardano-ada-price-prediction-for-2025/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is It Too Late to Buy Cardano? ADA Price Prediction for 2025</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-resistance-levels-and-potential-risks-strong"><strong>Resistance Levels and Potential Risks</strong></h2>
<p>The identified targets of $42 and $51 mark important resistance levels. If AVAX successfully breaks above $42, it could pave the way for a move toward the next target at $51. However, a rejection at $42 could lead to a retracement, potentially testing support near the EMA or prior consolidation zones.</p>
<p>Traders should also monitor volume, which plays a key role in confirming breakouts. Declining volume during a pullback may signal consolidation, while increasing volume near resistance could indicate further bullish momentum.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/avalanche-signals-bullish-momentum-key-indicators-suggest-avax-price-rally-ahead/" rel="noopener noreferrer nofollow">Avalanche Signals Bullish Momentum: Key Indicators Suggest AVAX Price Rally Ahead</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Avalanche Signals Bullish Momentum: Key Indicators Suggest AVAX Price Rally Ahead

Table of Contents

CaptainAltcoin

Other articles published on Nov 26, 2024

Spot Altcoin ETFs Likely Delayed Until Late 2025, Says Bloomberg Analyst

Sandbox (SAND) Faces Bearish Pressure After Hitting Yearly High

Binance Founder CZ Says Meme Coins Are Getting Weird

FTM and SEI Holds Bullish Ground Despite Market Correction: What's Ahead?

New Crypto Presale Smashes Records: Could It Rival DOGE and SHIB by 2024?

Justin Sun joins World Liberty Financial as advisor

Join our free newsletter for daily crypto updates!