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What next for AVAX before hitting the $100-mark
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ambcrypto.comDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Following a 4-week long down-channel that lasted between September to October, Avalanche continued to hunt aggressively for newer price levels in November. The past week has now accounted for two rallies, with a new ATH set above $81.
While AVAX aims to maintain its progress heading into December, its price could take a near-term hit before the next upcycle. This stemmed from overbought readings on the RSI and a possible bearish twin peak on the Awesome Oscillator.
At the time of writing, AVAX was trading at $83.5, up by 9.4% over the last 24 hours.
Source: AVAX/USD, TradingView
AVAX’s strong start to November has
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