Avalanche at $15.21: Will Support Spark a Rally or Trigger a Downturn?
- Avalanche (AVAX) trades at $17.40, consolidating between $15.21 support and $27.48 resistance since months. - Technical indicators show bearish bias with RSI at 38.89 and EMAs below key levels, warning of potential breakdown below $15.21. - Long-term forecasts predict 778% surge to $152.81 by year-end, but depend on overcoming psychological barriers and avoiding bearish breakdowns. - Market analysis emphasizes critical $15.21–$27.48 range as decisive battleground between buyers and sellers shaping AVAX's
Avalanche (AVAX) is currently confined within a tight price corridor as it approaches crucial support zones, attracting significant interest from both traders and market observers. As of November 12, 2025,
The ongoing price range illustrates the ongoing battle between buyers and sellers. From a technical perspective, the 14-day RSI is at 38.89, suggesting a neutral stance, while the exponential moving averages (EMAs)
This analysis underscores AVAX’s ongoing consolidation between $15.21 and $27.48, with the 14-day RSI at 38.89 and EMAs supporting a bearish narrative. Looking forward, price outlooks are mixed. Short-term projections see AVAX potentially reaching $17.51 by November 18, 2025, while longer-term forecasts are more upbeat. By the end of the year,
Wider market dynamics are also influential. While AVAX’s core value is linked to the adoption and practical use of its blockchain, broader economic factors like U.S. interest rates and overall crypto market sentiment may also impact its direction. At present, attention remains fixed on technical thresholds and the ongoing struggle within the $15.21–$27.48 band
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockchain Betting's Legal Challenge: Is It Considered Gambling or a Derivative?
- NBA star Tristan Thompson advocates blockchain-based sports prediction markets, aligning with DeFi's potential to transform fan engagement. - Kalshi faces legal scrutiny as a federal judge questions whether its event contracts qualify as derivatives under U.S. commodity laws. - Blockchain startups like Ideosphere and Portage Biotech explore prediction markets for scientific funding, leveraging tokenized assets and staking revenues. - Regulatory ambiguity over derivatives vs. gambling risks stifling innov
From Spectator to Participant: How Prediction Markets Are Transforming the Way Fans Interact with Sports
- NBA star Tristan Thompson predicts prediction markets will boost sports viewership by integrating real-time betting into broadcasts. - FanDuel launches a standalone app with CME Group , offering sports and economic prediction contracts while addressing regulatory and consumer protection concerns. - Polymarket partners with UFC and NHL to introduce live prediction scoreboards, transforming passive viewing into interactive trading during events. - Growing industry adoption by Google, Yahoo Finance, and pla
Federal Judge Blocks Trump’s Attempt to Pressure UC Through Funding
- A federal judge blocked Trump's plan to defund UC over antisemitism claims, citing First and Tenth Amendment violations. - The $1.2B funding demand and civil rights investigations were deemed coercive tactics to suppress "woke" academic views. - UC warned the financial threat would devastate its research programs, while critics called the strategy authoritarian. - The ruling preserves UC's funding but leaves unresolved tensions over government influence in higher education.
Ethereum News Today: Ethereum’s Unyielding Approach: Shutting the Door on Centralization
- Ethereum co-founders release "Trustless Manifesto" on blockchain to reinforce decentralization amid ecosystem centralization risks. - Document encoded in ownerless smart contract emphasizes self-custody, public verifiability, and rejecting convenience-driven centralization. - Warns against AWS outages and hosted RPCs creating single points of failure, citing 25% throughput loss on Coinbase's Base chain. - Critiques Paradigm's growing influence and institutional staking risks, proposing DVT to mitigate ce
Trending news
MoreCrypto prices
More
