Over the past few days, Avalanche coin (AVAX) price fluctuated between $69.08 at resistance3 level and $37.13 at resistance1 level, and then touched $11 support1 level and $19.71 support3 level.

Avalanche Coin (AVAX) Price Prediction 2022Irrespective of this sideways movement in the price of AVAX, we can deduce the following:

1. Due to the formation of a double top, Avalanche coin (AVAX) price is expected to reverse at $37.13 resistance1 level. In the event that investors have their way, AVAX could surge higher above the resistance2 level.

2. In case of a reversal at the resistance 1 level, the price of AVAX could further decline up to the support2 level at $11 until a triple bottom is formed. This could lead to a bullish reversal.

In the meantime, our long-term AVAX price prediction for 2022 is bullish since it might break several psychological resistances. We can expect AVAX to reach $120 this year. 

Last edited by Cryptoraga (9/01/2022 6:06 am)