Avalanche (AVAX) prices are starting to show signs of potential growth against the current market backdrop, attracting analysts' interest.
Current Market Situation of Avalanche
Currently, AVAX price is in the range of $25 to $27, which is considered a critical level. The exponential moving averages (EMA) are aligned bullishly, indicating potential upward pressure. Support is forming beneath the price, adding optimism to the short-term forecast.
Historical Context and Comparison
Analyst Trading Aloha draws a parallel to November 24, 2024, when a similar setup appeared with AVAX price around $28. At that time, the EMAs were aligned the same way, and shortly after, the price surged to $55. The current AVAX chart structure evokes memories of those events.
Short-term Expectations and Possible Scenarios
The critical test now is whether AVAX price can hold above the EMA levels and push through the range highs. If it can maintain the $25–27 range, it could turn into support similar to 2024. However, failure to hold may lead to a pullback, requiring evaluation of support at lower levels. Market trends will also significantly influence upcoming developments.
The current situation on the Avalanche chart shows potentially meaningful signals, indicating possible growth as investors and analysts will closely monitor market changes in the coming weeks.
