AVAX Rally has not yet ended – but the bulls must be careful of a break less than $ 20 star-news.press/wp

Main meals

AVAX was held above $ 21, as the positive purchase volume turned. The momentum is still strong, but restoring $ 22.75 is the key – failure to defend $ 20 can pull the price to $ 17.

Avalanche (AVAX) has been circulated inside an upward channel since its inception from a long unification five days ago.

The increase led to an increase of 18.23 %, exceeding $ 21.53 a little before cooling. As of the writing of these lines, Avax sat at a price of $ 21.22, still holds a daily profit by 2.12 %, while the maximum market rose to $ 8.94 billion.

But beyond the elasticity of Avalanche despite market fluctuations?

Buy walls height – immediate traders step

After the last decline, buyers intervened strongly to defend 21 dollars, a step that is reflected in the immediate market data.

According to Coinalyze, the purchase volume achieved 481 thousand, while the sale volume was slightly lower at 430 thousand, which resulted in a positive delta for sale of 50 thousand-a noisy market brand.

In fact, this was a recovery from July 12, when the selling volume increased to 1.53 million and purchasing, its size decreased to 1.51 million, which led to the delivery of energy for a short period.

Source: Coinalyze

A similar pattern appeared in the dynamics of energy and buyers. According to Mobchart, Avalanche 118.47,000 has recorded purchase orders compared to 99,000 in sale orders, which led to a positive imbalance.

Source: Mobchart

This tendency to commercial morale actually added fuel to the gathering.

Futures are still looking for a gathering

In the futures market, investors were excessively optimistic. Avalanche financing rates remained positive for five consecutive days, per Santem, with a reading time of the press about 0.00616 %.

Source: Santime

Moreover, the long/short Colalyze ratio increased to 3.883, with a long period of 79.18 % stake.

Source: Coinalyze

When Longs dominates, it means that most investors are actively betting on prices to continue to rise – but also hints in the market that tend to a large extent in one direction.

What analysts say?

according to Ali MartinezAvax must defend $ 20 to maintain the upholial structure. The closure below can renew the sale, while keeping it may open the doors to higher goals.

Source: x

If the bulls retain the market above this level, the bullish direction will continue, as Bears will not have an incentive to re -enter the market.

AVAX momentum indicators say …

According to Ambrypto analysis, AVAX showed flexibility as Bulls rushed to the market to defend the assembly.

As a result, the RAM index in Altcoin remained high about 99.63, which reflects excessive conditions in the peak. Likewise, the Avalanche’s +D1 from DMI remained about 30, confirming the presence of a strong upward momentum.

Source: TradingView

If AVAX holds the momentum and turns $ 22.75 to support, the next station may be $ 24.40.

However, a break less than $ 20.01 can pull the price to $ 17, especially if sellers regain control and immediate support disappears.