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

On Oct 14, 2024

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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

AVAXUSD – Daily Chart

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.

Avalanche Price Prediction for Today, October 14 – AVAX Technical Analysis — AVAXBTC – Daily Chart

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