Avalanche (AVAX) Triggers Bullish Signal—Is $30 the Next Stop?
Avalanche’s AVAX token just flashed a technical buy signal—and traders are eyeing a potential surge toward $30. The Layer 1 contender has been quietly building momentum while Ethereum’s gas fees make retail investors weep into their spreadsheets.
Key indicators suggest AVAX could be gearing up for a breakout. Relative strength is climbing, volume’s picking up, and the token’s dancing above critical support levels. But let’s not pop the champagne yet—crypto’s favorite pastime is fakeouts before rug pulls.
If the bulls hold control, we might see a 20% sprint toward that psychological $30 mark. Just in time for another ’altseason’ narrative to distract from the fact that your bank’s savings account still yields less than a DeFi dust farm.
AVAX Price Outlook
On the daily AVAX price chart, the RSI is currently at 45.6, suggesting the asset is neither overbought nor oversold and leaving ample room for upward direction. A bullish divergence from RSI lows formed in April hints at a potential bullish reversal brewing.
AVAX price chart | Source: Trading View
The price is trading in a tightening range notable in the narrowing Bollinger Bands, often a precursor to increased volatility. The price is hovering NEAR the middle band (20-day SMA), indicating trader indecision.
A breakout above $22.8 could lead to a bullish expansion. However, if the token breaks below $18.4, the lower band, it may see further downside.
The MACD lines are showing a potential bullish crossover above the zero line. If the MACD line crosses back above the signal line, it could reignite upward pressure.
AVAX price chart | Source: Trading View
Interestingly, a rounding bottom pattern is emerging on the daily chart, a bullish reversal formation. If confirmed with a break above $22.8, it could confirm a rally toward $30.
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