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Avalanche's AVAX Token Recovers 12% From $15.50 Low, Faces $18.00 Resistance

Coin WorldWednesday, Mar 12, 2025 2:08 pm ET
2min read

On March 12, 2025, the price of avax, the native token of the Avalanche blockchain, exhibited significant movement, bouncing back from a low of $15.50. This recovery was marked by a series of technical indicators that provided insights into potential future price trends. The support level at $15.50 acted as a crucial floor, preventing further declines and initiating a recovery process. This upward momentum established an upward channel pattern, indicating a bullish sentiment among market participants.

As the price of AVAX climbed, it encountered resistance at $18.00. This level proved to be a significant barrier, with repeated selling attempts preventing a sustained breakout above this threshold. The price level at $17.00 also played a vital role, serving as a support area where traders typically initiated new buying positions. This level demonstrated its importance by rejecting downward pressure multiple times, further solidifying its status as a key support level.

The bullish breakout was confirmed when AVAX moved above the $17.50 resistance level, supported by a MACD Golden Cross and rising RSI metric values. This upward movement continued towards $18.00, but the price faced significant resistance at this level. When AVAX dropped below $17.50, the market experienced a confirmed shift in momentum, indicated by a MACD Death Cross pattern. This pattern suggested a deterioration in bullish strength, leading to a brief support at $17.00 before the price began its recovery.

The combined application of MACD and RSI trading signals provided traders with valuable information about price movements. During the uptrend, two MACD Golden Crosses ensured powerful bullish momentum and market expansion. As AVAX approached the $18.00 resistance threshold, a MACD Death Cross emerged, indicating a potential decrease in upward momentum and a possible price adjustment. The RSI analysis, combined with price movements, revealed possible trend reversals based on the $15.50 oversold zone and the $18.00 overbought zone. The price spent time in extremely bearish positions, leading to rebounds that started at $17.00, building strong demand for purchases.

Based on the available market signals, multiple profitable trading strategies could have been employed. The AVAX price Tenant Position strategy was suitable for purchases at $15.50, as the RSI moved out of oversold levels and a MACD confirmed positive trends for bulls. The $17.00 support level established itself as a new entry point when investors increased their interest in the market. Short positions on AVAX presented profitable opportunities at $18.00, as the RSI crossed overbought levels and a MACD Death Cross warned of a reversal. The $17.00 – $18.00 range offered numerous entry and exit points, allowing traders to acquire at support levels and exit at resistance levels, achieving successful and profitable transactions before a price breakout.

Looking ahead, AVAX's price trend hinges on the continued monitoring of support and resistance levels, as well as MACD and RSI indicators. The clear support level at $17.00 and resistance at $18.00, along with the technical analysis system that includes MACD Golden Cross and Death Cross indicators, will be crucial in developing better entry and exit approaches for trades. Future price effectiveness for AVAX will require ongoing analysis of these important indicators to capitalize on potential trading opportunities.

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Debbie
03/12

𝗧𝗿𝘂𝘀𝘁 𝗺𝗲 𝗶𝘁𝘀 𝗮𝘄𝗲𝘀𝗼𝗺𝗲! 𝗜𝘁'𝘀 𝗻𝗼𝘁 𝗮𝗯𝗼𝘂𝘁 watching 𝘁𝗵𝗲 𝘃𝗶𝗱𝗲𝗼𝘀 𝗮𝗻𝗱 wasting 𝘆𝗼𝘂𝗿 𝘁𝗶𝗺𝗲 𝗼𝗻 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀, 𝗜 𝘄𝗮𝘀 ignorant 𝗱𝗼𝗶𝗻𝗴 𝘀𝗼 𝘁𝗵𝗲𝗻 𝗜 decided 𝘁𝗼 𝘁𝗿𝘆  @ 𝗗iana Goulding she 𝗵𝗮𝘀 𝗺𝗮𝗱𝗲 𝗺𝗲 𝗮𝗯𝗼𝘂𝘁 $𝟭𝟲𝗸 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆 $𝟰𝗸 𝗜 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱. 𝗗𝗺 𝘃𝗶𝗮 𝐖𝐭𝐬𝐩✙ 1 (𝟐𝟐𝟑)𝟐𝟖𝟑𝟕 𝟑𝟔𝟖..

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big_nate410
03/12
AVAX pump sounds promising, but watch that MACD.
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Affectionate_You_502
03/12
Riding the $AVAX wave, bought the dip at $15.50. Holding for the long haul, letting the gains compound. 🚀
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Historical_Hearing76
03/12
AVAX showing resilience, but $18 resistance is a beast. Need more momentum to break it. 🚀
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Interesting_Mix_3535
03/12
MACD Golden Cross + RSI uptrend = bullish vibes. But watch out for that Death Cross, can turn bearish quick.
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infinitycurvature
03/12
Riding the AVAX wave, bought the dip at $15.50
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GazBB
03/12
Stuck at $18 resistance, bulls need fresh strategy. 😅
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No-Explanation7351
03/12
@GazBB What's your take on the MACD signals?
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Zestyclose_Gap_100
03/12
Bought $AVAX at $17.00, feeling the FOMO from missed gains at $15.50. Gotta stay alert for the next move.
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Mr_Biddz
03/12
@Zestyclose_Gap_100 How long you planning to hold $AVAX? Got any price target in mind?
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acg7
03/12
@Zestyclose_Gap_100 Same boat, bought $AVAX at $17.00. No regrets, part of my long-term crypto stack.
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Sweet-Block5118
03/12
Shorting at $18 was a solid play, IMHO.
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Fit-Possibility-1045
03/12
$AVAX bulls gearing up, but that $18 resistance is a brick wall. Who's got the power to break it?
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ConstructionOk6948
03/12
@Fit-Possibility-1045 Think bulls got enough steam?
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