AVAX Price Shows 10% Surge Potential as Bullish Trend Emerges

On March 11, 2025, the price of AVAX exhibited a notable shift in its market trend, transitioning from a bearish to a potentially bullish pattern. The cryptocurrency had been trading within a downward channel, characterized by decreasing highs and lows, indicating a period of seller dominance. This bearish trend saw the price oscillate between the channel's boundaries, encountering resistance at the upper limit and support at the lower border.

However, recent analysis suggests a potential reversal pattern for AVAX. The price found support at $15.50, leading to a bounce back, while facing resistance at $17.00. For AVAX to establish long-term stability in its recovery, it needs to break above the $17.00 resistance level with significant volume. This breakout could signal a shift in market sentiment, potentially leading to a 10% surge in price.

The Relative Strength Index (RSI) provided further insights into AVAX's price trend. The RSI value fell below 30 points, indicating a rise in bearish market pressures. However, as the price increased, the RSI moved towards 55-60, signaling moderate bullish momentum. This indicator suggests that AVAX was trading at reduced values, signifying a possible market reversal.

The Moving Average Convergence Divergence (MACD) indicator also played a crucial role in analyzing the trend direction. The MACD generated two distinct bearish signs through two consecutive Death Crosses, which occurred when the MACD line dropped across the signal line. However, a Golden Cross developed when the MACD crossed above the signal line at its price bottom, supporting the price expansion following the most minimal price level.

If AVAX's price surpasses and sustains above $17.00, it shows potential for climbing higher up to $18.00-$18.50 levels. However, if the price fails to break through this resistance, it may move in a sideways pattern towards $16.00 or return there before beginning another movement. Traders should monitor the MACD for a new Death Cross, as this indicator would signal the start of a lower market direction.

Professional traders are advised to buy AVAX coins if the price surpasses $17.00 with solid trade volume and the RSI demonstrates moderate to strong value