The post Will AVAX Price Bounce Toward $23 Amid Buy Signal? appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) price together with its blockchain could be on the verge of a turn around following the recent data on the charts and its chain. Avalanche Crypto Price Action Looking at the 4-hour chart, AVAX price encountered resistance at the 200SMA near $19.75. The altcoin created a bullish engulfing candle that triggered a “1” buy signal from the TD Sequential indicator after completing the “9” countdown pattern. Market indications pointed toward an early price reversal due to the continuous decline. A breakout above $20.30 would likely drive prices toward $21.00 with a sign of broader upward potential emerging around $21.30. AVAX price chart | Source: Trading View A decline below the $19.85 mark would reverse the bullish signal thus causing price to drop back to reach $19.60 support. Support at 200SMA had previously held important levels but confirmation of the reversal of TD Sequential indicator will wait for next candle action. Initial indications of likely bounce appear when prices cross above $20.50 but a fall below $19.60 indicates fresh selling pressure could appear. AVAX Price Analysis and Prediction Deeper analysis of AVAX price showed the $19.00–$19.50 zone formed a strong low which previously triggered a breakout rally up to $23.10. The blue demand block proved able to resist price movement slightly which indicated buyers might continue to support that area. The most recent Break of Structure (BOS) reached $20.50 which validated a bearish trend and price had established consecutive descending highs. A successful rally above $20.50 would likely alter current price patterns to push the exchange upwards towards $22.50. AVAX price chart | Source: Trading View Two pivotal indicators within current chart structure pointed to CHoCH at $21.60 and BOS at $20.90. The price needed to break through these points to verify a continuing upward trend. A clean break…

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Filed under: News - @ May 7, 2025 11:25 pm