AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25.
AVAX price is showing positive signs above the $20 level against the US dollar.
The price is trading above $21 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair (data source from Kraken).
The pair could continue to rise if there is a clear move above the $22.50 and $23.00 resistance levels.
AVAX Price Signals Fresh Rally
After a strong increase, Avalanche’s AVAX faced resistance near the $24.00 zone. It started a downside correction from $24.05 but remained in a positive zone, like Bitcoin and Ethereum.
There was a drop below the $23 and $22 levels. The price declined below the 50% Fib retracement level of the upward move from the $15.60 swing low to the $24.05 high. It even spiked below the $20 support zone. However, the bulls were active abo
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