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

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.