From 18 March to 11 April, Avalanche traded within a range, and in the past few days, AVAX has broken out above this range and done so on the back of strong demand as well. A move upward to the $21 resistance zone was likely.
2023-24
A revisit of the range highs, if it occurred, would present a buying opportunity, as it would be a retest of a demand zone.Source: AVAX/USDT on TradingView The RSI showed hefty bullish momentum and the OBV spiked upward to underline the large buying pressure behind the token. If this continued, it was likely that Avalanche would reach the next region of resistance at $21 soon.The $21 area was important because of the presence of a daily bearish order block formed on 21 February. Highlighted in red, it could pose a substantial obstacle to AVAX bulls.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Avalanche captain Gabriel Landeskog ruled out for 2023 playoffs with knee injuryLandeskog has missed the entire 2022–23 season while recovering from knee surgery.
Read more »
One dead, three injured in northern B.C. avalanche, heliskiing operator saysA heliskiing operator in northern British Columbia says one person has died and three sustained injuries in an avalanche Tuesday afternoon.
Read more »
Avalanche captain Gabriel Landeskog won’t play in playoffsColorado Avalanche captain Gabriel Landeskog, who has not played this season, will not suit up in playoffs
Read more »
Avalanche captain Gabriel Landeskog won't play in playoffsThe Colorado Avalanche will have to try to defend their Stanley Cup championship without captain Gabriel Landeskog.
Read more »
Avs beat Jets 4-2, remain in control of Central DivisionEvan Rodrigues scores winner as Colorado Avalanche double up Winnipeg Jets 4-2
Read more »
Avalanche’s TVL puts up a challenge as AVAX puts its best foot forwardAvalanche observes institutional interest in its protocol as new partnerships emerge, but will that be enough to improve its declining TVL?
Read more »