From TradingView · · 30s
Avalanche Price Faces Support Test
Avalanche cryptocurrency nears critical support level after rejection from $10.50 resistance.
In brief
Avalanche cryptocurrency nears critical support level after rejection from $10.50 resistance. Avalanche price tests $8.50 support zone following rejection from $10.50 resistance. Originally reported by TradingView.
Price Rejection
Avalanche price rejected $10.50 resistance after recent recovery from $5.68 low.
Key Support Zone
Price approaching $8.50 support area with 0.618 Fibonacci retracement at $8.10.
Bullish EMAs
21/8-week EMAs remain bullishly crossed, supporting medium-term recovery.
Potential Breakdown
Failure to hold $8.50, $8.10 could trigger pullback to $7.03 support.
What it means
Avalanche price tests $8.50 support zone following rejection from $10.50 resistance.
