AVAX price action shows a bull cycle ready to start in the falling channel pattern promoting the idea of a price jump to $20. Key technical points: The AVAX market price has increased 10% over the past 24 hours. The price action shows a falling channel pattern in the daily chart. The 24-hour trading volume of Avalanche is $601 Million, indicating a hike of 9.12%. Past Performance of AVAX AVAX prices have steadily declined in response to a falling parallel channel in the daily chart. The downward spiral pushed the altcoin to a low of $14, resulting in a dip to the support trendline. However, the lower price rejection at the trendline and the tweezer bottom formation hint at a bullish reversal. Source- Tradingview AVAX Technical Analysis The AVAX price action shows the bull cycle struggling to launch as the higher price rejection in the daily candle warns of a rise in selling pressure. Hence, traders hoping for a bullish reversal must wait for the resistance trendline breakout. The market price has traded between the lower and mid-band of Bollinger band indicators, indicating an aggressive selling market. Moreover, the midline moves along with the resistance trendline representing a high supply zone. The daily-RSI slope escapes the oversold area but takes the opposite direction as the market price struggles to climb above the resistance trendline. Furthermore, the RSI line rises over the 14-SMA and signals an increase in bullish...
XRP Price Prediction For 24 November
