- The bullish strength in AVAX emerges from RSI at 54.05 together with a positive crossover signal of the MACD.
- Carl Moon forecasts a 200.56% surge, targeting a $59.48 resistance zone.
- Despite a late-day pullback, AVAX’s intraday gain reflects renewed buying interest and potential trend reversal.
Avalanche (AVAX) has attracted strong interest from traders and analysts because numerous bullish signals continue to appear in market charts. Multiple essential technical signs combined with rising market favorability indicate AVAX could undergo a future breakout after enduring months of price drops. The current $20.06 price level creates conditions favorable for an impending inversion of market trends. The market now watches carefully to determine whether Avalanche will maintain its upward trajectory because bullish patterns appear alongside influential endorsement from Carl Moon.
Carl Moon Predicts Explosive Upside with Breakout on the Horizon
According to Carl Moon, Avalanche (AVAX) is on the brink of a major bullish breakout as it exits a well-defined descending wedge pattern, a formation typically associated with upward price reversals. AVAX demonstrates equal characteristics as a previous breakout event that triggered a notable upward momentum while the coin now trades at $20.06 with an upswing of 6.56% during today’s trading session.
Source: X
The analysis driven by Carl suggests that AVAX might achieve 200.56% growth to reach $59.48 while it crosses an essential resistance area where earlier highs occurred. The market remains focused on a prolonged upward price shift because on-rushing volume is matching positive technical indicators.
Technical Indicators Flash Bullish Signals as AVAX Gains Ground
In a sign of potential bullish momentum returning to the market, Avalanche is currently trading at $20.06 after enduring a prolonged downtrend since early January. The recent candlestick pattern features consolidation along with minimal upward trends which suggests bears are starting to lose control of the market. The Relative Strength Index (RSI) has risen to 54.05 at the moment as it crosses the 49.80 neutral zone indicating increasing buying sentiment. A possible further rise of this upward trend becomes more likely because current market conditions keep the 14-day RSI above its signal line (49.80).
Source: Tradingview
The MACD indicator has entered positive territory after its MACD line at 0.23 surpassed the signal line at 0.03. This bullish indicator signifies an upcoming momentum transformation which might reverse the bearish trends that controlled the first quarter. Additional verification of rising market momentum stems from the green appearance of histogram bars in the technical reading. Technical market indicators indicate that it might be time to adopt a restrained positive mindset toward a potential price breakout.
Avalanche (AVAX) Price Analysis
Avalanche is currently trading at nearly $20.06 according to data from CoinMarketCap. This upward surge reflected renewed buying interest and market optimism, pushing the price above key psychological levels.
Source : Coinmarketcap
The optimistic market trend lost strength through the afternoon market hours because traders performed their profit distributions which brought prices back to $20.06. The asset managed a positive net gain in today’s trading despite late-period retracement, while investors seem to anticipate $20.00 as new support before the start of the following session.
